There are three national Commodities Futures market exchanges in India. The Futures Market Commission (FMC), which is under the Central Government supervises and regulates the working of all these Commodities market.

National Multi Commodities Exchange of India Limited (NMCE), Ahmedabad. Promoted by Central Warehousing Corporation, National Agricultural Cooperative Marketing, Federation of India Limited, Gujarat Agro Industries Corporation Limited, Gujarat State Agricultural Marketing Board, National Institute of Agricultural Marketing, Neptune Overseas Limited and Punjab National Bank.

Multi Commodities Exchange of India Limited (MCX), Mumbai. Promoted by Financial Technologies (India) Ltd, State Bank of India, Union Bank of India, Bank of India, Corporation Bank and Canara Bank.
http://www.mcxindia.com/

National Commodities and Derivatives Exchange Limited (NDCEX), Mumbai. Promoted by ICICI Bank Limited, Life Insurance Corporation of India, National Bank for Agriculture and Rural Development, and National Stock Exchange of India Limited, Punjab National Bank, CRISIL Limited, Indian Farmers Fertiliser Cooperative Limited and Canara Bank.
http://www.ncdex.com/