New Delhi Sep 28 (PTI) The National Stock Exchange(NSE) will launch its commodity derivatives segment from October 12 following representations received from several trading and clearing members, according to a release. Also Read - Sensex Hits Record High to Close at 40,889; Nifty Crosses 12,000 Mark

Both the NSE and the BSE were to launch the segment from October 1. Also Read - Sensex, Nifty Key Indices Opened Marginally Higher

In a release Friday, the NSE said that several members suggested that more time be given to market intermediaries to put in place appropriate systems at their end for trading in commodity derivatives. Also Read - BSE Sensex Touches 38,000 Mark For First Time Since Septmeber; Nifty at 11,400

“We have also received suggestions that the launch of a new segment should be done after the Pitru-Paksha’ in the auspicious period of Navratri.

“Respecting members’ feedback and sentiment, we have decided to launch its commodity derivative segment on October 12,” it said.

Meanwhile, the exchange has received Sebi’s approval for introducing futures contracts on Gold 1 kg, Gold Mini 100 gram and Silver 30 kg on its commodity derivatives segment.

The approval for starting the segment was received from Sebi on September 19.

The BSE would be launching its commodity derivatives segment on October 1.

This is published unedited from the PTI feed.