NCDEX Furnace Oil
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|Furnace Oil futures|
|Exchange||National Commodity & Derivatives Exchange|
|Contract Size||10 metric tons|
|Pricing Unit||Need pricing unit!|
|Tick Value||1 Rupee|
|Contract Months||All months|
|Last Trading Day||17th day of the delivery month. If 17th happens to be a holiday, a Saturday or a Sunday then the due date shall be the immediately preceding trading day of the Exchange, which is not a Saturday.|
|Note: This contract is electronic ONLY -- no open outcry|
|No Open Outcry||Electronic|
|Trading Hours||N/A||Mondays through Fridays: 10:00 a.m. to 11:55 p.m.
Saturdays: 10:00 a.m. to 2:00 p.m.
|Price Limits||N/A||Limit of 6%, provided that there shall be a cooling off period of 15 minutes after the trade hits the prescribed daily price limit. Thereafter, the price band shall be raised by 50% of the existing limit and trade will be resumed. If the price hits the revised price band again during the day, no trade/order shall be permitted beyond the revised limit during the day.|