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.
