MCX gets Sebi nod for gold options.

The Multi Commodity Exchange of India Ltd (MCX) has received the regulator Sebi’s approval for the launch of gold option contracts with 1 kg gold futures the underlying commodity.

The exchange said in its circular that the date for launching options in gold would be announced separately but traders expect it to start trading around Diwali time. 

The regulator has allowed only one commodity option per exchange on a pilot basis. Non-agri commodities want to have an average turnover of Rs. 1,000 crore and the commodity needs to be in the top five list in terms of daily turnover.

BEPL/Bhansali Engineering Polymers Technical calls for Tomorrow Trading (9 oct 2017)

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in BEPL.

“BEPL is the stock which I would suggest to buy above 119; this can see upside to levels closer to Rs 124 - 125 zones, keep stop loss below Rs 111.

Stock has been gaining for the last 4 days and has risen 42.65% in the period & Outperformed Sector by 8.15%. Vol has risen by 33.06% (Vol compared with 5 day avg vol till 04:00 PM).

Company is expected to give good quarter & it has shown good consistent profit growth of 97.74% over 5 years.

BEPL was closed 10.65 percent up today at 116.40 at NSE.

NSE withdraws advance collection of service charges from October

National Stock Exchange (NSE) has decided to stop advance collection of service charges, including transaction fee related to cash market, equity derivatives and currency derivatives segments, from this month.

Moreover, the NSE would not collect in advance annual charges for applications related to connectivity and co-location. The step is effective for all new requests from October 2017, as per NSE circular.

The exchange shall raise appropriate bills on the member at the end of each month for services consumed during that month. However, it said interest-free security deposits and one time charges, if any, applicable, wherever, would be collected in advance.