Adani Enterp. 1984.65↑92.50(4.89%)
Adani Ports 708.80↑17.80(2.58%)
Apollo Hospitals 4595.30↓-6.00(-0.13%)
Asian Paints 3139.75↑98.35(3.23%)
Axis Bank 895.95↑6.05(0.68%)
B P C L 372.55↑0.40(0.11%)
Bajaj Auto 4547.90↓-8.05(-0.18%)
Bajaj Finance 6663.45↑31.95(0.48%)
Bajaj Finserv 1420.40↑5.95(0.42%)
Bharti Airtel 788.60↓-7.45(-0.94%)
Britannia Inds. 4635.15↑30.20(0.66%)
Cipla 943.60↓-0.80(-0.08%)
Coal India 236.15↓-0.40(-0.17%)
Divi's Lab. 3329.20↓-96.05(-2.80%)
Dr Reddy's Labs 4532.00↓-335.30(-6.89%)
Eicher Motors 3405.30↓-11.45(-0.34%)
Grasim Inds 1774.15↓-0.25(-0.01%)
H D F C 2767.15↑14.50(0.53%)
HCL Technologies 1088.10↑9.80(0.91%)
HDFC Bank 1653.20↑1.10(0.07%)
HDFC Life Insur. 567.40↑4.75(0.84%)
Hero Motocorp 2585.45↓-0.60(-0.02%)
Hind. Unilever 2592.40↑69.70(2.76%)
Hindalco Inds. 420.85↓-15.60(-3.57%)
ICICI Bank 939.20↑3.15(0.34%)
IndusInd Bank 1187.45↑14.90(1.27%)
Infosys 1256.10↓-7.15(-0.57%)
ITC 420.40↓-4.95(-1.16%)
JSW Steel 710.60↓-13.75(-1.90%)
Kotak Mah. Bank 1957.95↓-0.75(-0.04%)
Larsen & Toubro 2242.15↓-122.30(-5.17%)
M & M 1251.30↑2.65(0.21%)
Maruti Suzuki 9260.90↑92.75(1.01%)
Nestle India 22019.80↓-30.20(-0.14%)
NTPC 179.55↑2.50(1.41%)
O N G C 167.05↑0.10(0.06%)
Power Grid Corpn 248.55↑0.90(0.36%)
Reliance Industr 2480.30↓-16.30(-0.65%)
SBI Life Insuran 1185.40↓-3.40(-0.29%)
St Bk of India 573.45↑1.25(0.22%)
Sun Pharma.Inds. 961.05↑7.25(0.76%)
Tata Consumer 789.45↓-1.70(-0.21%)
Tata Motors 511.60↑2.10(0.41%)
Tata Steel 108.55↓-0.70(-0.64%)
TCS 3282.15↓-4.65(-0.14%)
Tech Mahindra 1044.05↓-2.10(-0.20%)
Titan Company 2757.85↑12.40(0.45%)
UltraTech Cem. 7835.45↑92.25(1.19%)
UPL 682.90↑3.20(0.47%)
Wipro 384.65↑0.90(0.23%)

Russian investors eye Indian bourses to trade in US energy basket

Interest comes days before the launch of NYMEX WTI Crude Oil and Natural Gas (Henry Hub) derivatives contracts by NSE

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Industry players say domestic exchange-traded commodity derivatives (ETCDs) have reached an inflection point due to the regulatory changes in the past few years

3 min read Last Updated : May 11 2023 | 8:05 PM IST

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Foreign portfolio investors (FPIs) domiciled in Russia may use the Indian markets to gain exposure to the US energy basket in order to sidestep the strict sanctions imposed on them, according to people in the know.

Starting Monday, the National Stock Exchange (NSE) will commence trading in the NYMEX WTI Crude Oil and Natural Gas (Henry Hub) derivatives contracts, which are among the world’s most traded commodity derivatives contracts.

Typically, Russian investors don’t have easy access to these derivative instruments. However, as some of them are registered as FPIs in India, they can freely participate in the domestic commodities market.