Base Metal Index launched on MCX

MCX has launched futures contracts for the base metal index.Base Metals Index will track real-time performance of a basket of MCX Base Metal (near month) futures that includes zinc, copper, nickel, lead, and aluminium.Presently, it carries around 33.06 per cent weight for zinc, 29.81 per cent for copper, 14.77 per cent for nickel, 12.88 per cent for lead and 9.48 per cent for aluminium.
Here is the product note and the contract specification from MCX.
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