NSE likely to launch gas contracts by June quarter

Sources indicate NSE is set to launch Indian natural gas contracts by next quarter after SEBI approval, stepping up competition for MCX. MCX currently dominates with over 95% share in non-agri commodities and 85–90% overall. NSE is also expanding in crude, aiming to grow WTI market share from 16% to over 30%. With energy contributing nearly 70% of MCX’s options volumes, the move could reshape commodity trading dynamics.