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Crude oil contracts on MCX reflect prices on the New York Mercantile Exchange (Nymex) and since Indian commodity markets closed for trading at 5pm on Monday, local traders were unable to exit their positions, while US prices plunged to minus $37.63 later in the night. (HT photo)

Brokerage firm moves Delhi high court against MCX

By HT Correspondent | Hindustan Times, New Delhi
UPDATED ON APR 25, 2020 09:17 PM IST
MCX, which initially announced a provisional settlement price of Re 1 for its contract that ended on April 20, later calculated a price of minus Rs 2,884 per barrel, exposing brokers to a potential loss of Rs 435 crore.
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he National Stock Exchange of India Ltd. (NSE) building in BKC, Mumbai(Aniruddha Chowdhury/Mint.)
he National Stock Exchange of India Ltd. (NSE) building in BKC, Mumbai(Aniruddha Chowdhury/Mint.)

Breathe easy, NSE. Your index isn’t Star Wars | Opinion

By Andy Mukherjee | Bloomberg
UPDATED ON MAY 23, 2018 05:21 PM IST
Don’t forget the Jedi out there: MSCI could whip out a light saber if India ends up curtailing global investors’ access to its derivatives market.
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