MCX
NCDEX
Commodity | Place | Current Value | Change | Change(%) |
|---|---|---|---|---|
Sesameseed SESAMESEED | Rajkot | 13,200.00 | 350.00 | 2.72 |
Yellow Peas YPECANMUM | Mumbai | 3,987.50 | 87.50 | 2.24 |
Wheat WHTSMQRJKT | Rajkot | 2,500.00 | 25.00 | 1.01 |
COFFEE COFFEE | KUSHALNAGAR | 37,600.00 | 350.00 | 0.93 |
Sugar (M Grade) SUGARM | Kolhapur | 3,980.00 | 30.00 | 0.75 |
A spot price refers to the prevailing market price at which an asset or commodity could be sold for immediate delivery. It is in contrast to futures or forward prices, whereby the transaction will be concluded at some later date.
The spot prices change constantly and reflect the supply and demand situation that exists in the real-time market. Traders and investors view spot prices as an indication of the immediate value of an asset. Hence, they influence decisions about commodities such as oil, gold, and agricultural products.
The linkage of spot prices and future prices is very crucial to determine how the market operates. The future price refers to the agreed-upon price to deliver a commodity on a specified date in the near or far future. Basically, future prices may either be higher or lower than spot prices considering several factors:
Carrying costs, such as warehousing and insurance, and also macroeconomic variables, like interest and seasonality, may influence this relationship. Traders monitor these price relationships so they can exploit their misalignments through strategies like arbitrage.
The movement of the spot price relative to the strike price determines the profitability of an options contract. For it to be profitable at expiration, the spot price must break or go above the strike price in the case of a call. For a put, the spot price has to be below the strike price. In this way, spot and strike prices interplay to determine the intrinsic value of an option and influence trading strategies
MCX and NCDEX belong to two different types of markets. They also deal with two completely different varieties of commodities. While MCX is somewhat inclined towards metal and energy, NCDEX has specialisations in agricultural products. The right one depends on what a trader feels like focusing on and what varieties of commodities they are interested in trading.
The spot price provides a benchmark from which any subsequent future contracts and options are priced. It gives an idea of the prevailing market perceptions about an asset, especially its value, and, therefore, helps traders make decisions on whether to trade instantly or subsequently.
The spot price might be less than the futures price because of carrying costs (storage, insurance, and financing), expectations of future price rises, or supply shortages that are expected to occur in the near future. Such a condition is known as contango, which is revealed if the market expects prices to rise in the future.
Indian benchmark indices ended slightly higher on June 25, 2026, supported by easing Brent crude prices, a stronger rupee, and positive RBI commentary. Auto stocks led gains with strong rallies in Mahindra & Mahindra and Maruti Suzuki, while metal, oil & gas, and IT stocks remained under pressure. Lower market volatility and improving global sentiment helped sustain investor confidence.
25 Jun 2026|06:02 PM
The Indian stock market staged a strong recovery on June 24, 2026, with Nifty closing above 24,000 and Sensex surging 790 points. Easing rate hike concerns after RBI Governor Sanjay Malhotra's comments, falling crude oil prices, sustained FII inflows, and optimism surrounding an India-US trade agreement fueled broad-based gains, led by banking, IT, and realty stocks.
24 Jun 2026|06:09 PM
Indian stock markets witnessed a strong rebound as the Sensex jumped over 900 points and Nifty crossed 24,050. RBI's dovish stance, falling crude oil prices, positive global cues, FII inflows, and optimism over an India-US trade deal fueled the rally.
24 Jun 2026|02:00 PM
Indian Benchmark indices ended sharply lower on June 23, 2026, as a 10% crash in South Korea's Kospi, weakness in IT stocks following Accenture's cautious outlook, and renewed concerns over higher US interest rates triggered broad-based selling. Nifty fell 278.80 points to 23,824.10, while Sensex declined 893.39 points to 76,200.68. Metal and IT stocks led losses, while Pharma emerged as the lone sectoral gainer amid defensive buying.
23 Jun 2026|05:53 PM
Sensex fell 948 points and Nifty dropped 298 points amid global market weakness, FII selling, and sector-wide pressure in IT and metals. Here’s a detailed breakdown of key reasons and outlook.
23 Jun 2026|03:38 PM
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