The National Commodity & Derivatives Exchange Limited (NCDEX), on January 08, 2026, issued a circular to all trading and clearing members regarding the re-triggering and applicability of the Event based Additional Surveillance Margin (E-ASM). The circular has been issued in continuation of earlier surveillance and investigation circulars governing the E-ASM framework for select commodities.
Based on the High–Low price variation criteria (High–Low)/Low×100, NCDEX has re-triggered an additional surveillance margin of 2.5 percent. This E-ASM shall be applicable on all running contracts as well as contracts yet to be launched in Guar Gum, Guar Seed and Turmeric. The trigger date for Guar Gum and Guar Seed is January 08, 2026 for both 5-day (10%) and 10-day (15%) movements, while for Turmeric the trigger is January 08, 2026 based on the 5-day movement criterion.
The applicability of E-ASM for the above commodities shall remain in force up to January 30, 2026. For other commodities such as Barley, Castor Seed, Coriander and Jeera (including Jeera Mini), E-ASM is not applicable as per the current assessment. All other margins shall continue to be levied as applicable under existing exchange norms.
[Notification No. NCDEX/SURVEILLANCE & INVESTIGATION-006/2026]
