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MCX, the Multi-Commodity Exchange of India Ltd, is the country's first listed exchange. It has earned the tag of being a 'state-of-the-art' exchange that facilitates online trading of commodity derivatives transactions. This allows MCX to provide a platform for price discovery and risk management. MCX started operations way back in November 2003, under the relevant regulatory framework of market regulator Securities and Exchange Board of India (SEBI). The exchange provides a platform for trading in commodity derivative contracts in various segments including agricultural commodities, bullion, energy, and industrial metals. A note on MCX's official website states that it is India’s first exchange to offer commodity options contracts, bullion index futures and base metals index futures contracts. MCX focuses largely on providing commodity value chain participants with transparent, neutral and secure trade mechanisms, along with formulating quality parameters and trade regulations. It has a vast national reach of 597 registered members and as high as 49,999 authorised persons. The exchange had a presence in around 1,103 cities and towns across India as on December 31, 2021. According to MCX, it is the country’s leading commodity derivatives exchange with a market share of 92.9 percent in terms of the value of commodity futures contracts traded in the financial year 2021-22 (Apr-Dec). More

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  • Buy MCX; target of Rs 1600: Motilal Oswal Aug 04, 2022 06:15 PM IST

    Buy MCX; target of Rs 1600: Motilal Oswal

    Motilal Oswal is bullish on MCX recommended buy rating on the stock with a target price of Rs 1600 in its research report dated August 01, 2022.

  • MCX spikes 4% as foreign portfolio investors allowed to trade in commodity derivatives Jun 30, 2022 10:12 AM IST

    MCX spikes 4% as foreign portfolio investors allowed to trade in commodity derivatives

    Sebi has already allowed institutional investors such as Category III alternative investment funds, portfolio management services and mutual funds to participate in Exchange Traded Commodity Derivatives

  • Gold Prices Today: Yellow metal to witness further selling pressure, support around Rs 50,740–50,510 May 31, 2022 09:49 AM IST

    Gold Prices Today: Yellow metal to witness further selling pressure, support around Rs 50,740–50,510

    Gold has support at Rs 50,740–50,510, resistance at Rs 51,180–51,350. Silver has support at Rs 61,080-61,550 and resistance is at Rs 62,680–63,110, said Rahul Kalantri, VP Commodities at Mehta Equities.

  • Lessons to learn from MCX's 'Sikkim Traders'  May 24, 2022 09:26 AM IST

    Lessons to learn from MCX's 'Sikkim Traders' 

    Unless we bring down the cost of trading, traders would use loopholes to exploit the situation 

  • Buy MCX; target of Rs 1500: Motilal Oswal May 19, 2022 01:18 PM IST

    Buy MCX; target of Rs 1500: Motilal Oswal

    Motilal Oswal is bullish on MCX recommended buy rating on the stock with a target price of Rs 1500 in its research report date May 17, 2022.

  • Gold Prices Today: Yellow metal to remain under pressure, support lies around Rs 52,000 Apr 25, 2022 09:47 AM IST

    Gold Prices Today: Yellow metal to remain under pressure, support lies around Rs 52,000

    "We expect gold to hold Rs 51,850 levels and silver could hold Rs 65,800 levels on a closing basis in today's session. Weakness in rupee could support prices in the domestic markets," said Manoj Kumar Jain of Prithvi Finmart Commodity Research.

  • Gold Prices Today: Surging inflation likely to push yellow metal higher, may test resistance of $2,000 Apr 18, 2022 09:58 AM IST

    Gold Prices Today: Surging inflation likely to push yellow metal higher, may test resistance of $2,000

    Gold as a safe haven are attractive due to soaring inflation and uncertainty in the Russian-Ukraine war. As long as the two factors continue to dominate markets for sentiment - a scenario for a further uptrend in gold price remains intact. It is a good opportunity to go long on every dips, said Ravi Singh - Vice President and Head of Research - ShareIndia.

  • Gold Prices Today: Gold, silver expected to remain volatile ahead of crucial OPEC meeting Mar 31, 2022 10:33 AM IST

    Gold Prices Today: Gold, silver expected to remain volatile ahead of crucial OPEC meeting

    Traders and investors continue to assess three major factors— the Russia-Ukraine war, new COVID lockdowns in China and rising global inflation—that are impacting the market

  • Gold Prices Today: Precious metals to remain volatile ahead of US GDP, ADP non-farm data Mar 30, 2022 09:49 AM IST

    Gold Prices Today: Precious metals to remain volatile ahead of US GDP, ADP non-farm data

    According to Manoj Kumar Jain, Prithvi Finmart Commodity Research, gold has support at Rs 50580-50350 and resistance at Rs 51000-51220 while silver has support at Rs 66450-66000 and resistance at Rs 67500-68100 levels.

  • How index options in commodities is a game changer for MCX  Mar 28, 2022 09:08 AM IST

    How index options in commodities is a game changer for MCX 

    The announcement of commodity index options could be a game changer for MCX, which was facing a drop in volume ever since SEBI introduced peak margin norms on commodity futures 

  • Recognised stock exchanges get Sebi nod to float options on commodity indices Mar 25, 2022 10:09 AM IST

    Recognised stock exchanges get Sebi nod to float options on commodity indices

    Securities Exchange Board of India on Thursday allowed the recognised stock exchanges having a commodity derivative segment to introduce options on commodity indices

  • Gold Prices Today: Russia-Ukraine war, spike in oil prices to push yellow metal higher Mar 03, 2022 09:38 AM IST

    Gold Prices Today: Russia-Ukraine war, spike in oil prices to push yellow metal higher

    Gold may remain volatile as the Russia-Ukraine situation is assessed, however safe haven buying may keep prices supported, said Ravindra Rao of Kotak Securities.

  • Gold Prices Today: Geopolitical tensions to lend support to yellow metal, may head towards Rs 50,600 Feb 18, 2022 09:52 AM IST

    Gold Prices Today: Geopolitical tensions to lend support to yellow metal, may head towards Rs 50,600

    Nirpendra Yadav, Senior Commodity Research Analyst at Swastika Investmart feels that precious metal prices may remain supportive due to ongoing geopolitical matters. As gold price is sustaining above the psychological level of Rs 50000, it may increase the buying momentum in prices towards Rs 50600 levels, he said.

  • Crude oil prices hit 7-year high; Goldman Sachs sees it at $100 by third quarter 2022 Jan 18, 2022 05:51 PM IST

    Crude oil prices hit 7-year high; Goldman Sachs sees it at $100 by third quarter 2022

    Brokerage Goldman Sachs said in a note that it sees Brent prices at $90 per barrel in the first quarter of 2022, $95 in the second quarter and $100 per barrel in the last two quarters of the year.

  • Gold Price Today: Yellow metal prices to remain volatile ahead of Jerome Powell testimony Jan 11, 2022 09:56 AM IST

    Gold Price Today: Yellow metal prices to remain volatile ahead of Jerome Powell testimony

    Gold Price Today: Selling pressure is expected in precious metals if prices rise towards resistance levels.

  • Trade Spotlight | What should investors do with MCX India, IndiaMART, KPIT Technologies and HEG? Nov 11, 2021 08:55 AM IST

    Trade Spotlight | What should investors do with MCX India, IndiaMART, KPIT Technologies and HEG?

    Here's what Gaurav Sharma of Globe Capital Markets, recommends investors should do with these stocks when the market resumes trading today.

  • Index options in commodities will be a game-changer for MCX Oct 08, 2021 10:29 AM IST

    Index options in commodities will be a game-changer for MCX

    Index options have the potential of being the main product for the exchange as is the case with NSE, where index options account for over 90 percent of the total exchange volumes.

  • MCX sees sharp plunge in turnover amid bullion trade losing sheen Sep 14, 2021 04:11 PM IST

    MCX sees sharp plunge in turnover amid bullion trade losing sheen

    At the end of fiscal year 2020-21, MCX had a market share of 89.6 percent, while it was much higher at 94.2 percent in 2019-20.

  • SEBI's new margin rules have hit commodity markets; will it do the same to equities?  May 25, 2021 09:24 AM IST

    SEBI's new margin rules have hit commodity markets; will it do the same to equities? 

    ANMI argued that the rate of overnight margins levied on intraday trades is almost 3.33 times more than what is warranted based on the risks of the trade. 

  • Rakesh Jhunjhunwala adds 5 lakh shares of MCX in Q4FY21 Apr 16, 2021 03:17 PM IST

    Rakesh Jhunjhunwala adds 5 lakh shares of MCX in Q4FY21

    Mutual funds also raised their stake in the stock to 1,07,85,761 shares (21.15 percent stake) in Q4FY21 against 1,03,86,709 shares (20.37 percent stake) in Q3FY21.

  • Gold prices fall below Rs 47,000/10 gram on improved economic data; what should investors do now? Feb 04, 2021 10:42 PM IST

    Gold prices fall below Rs 47,000/10 gram on improved economic data; what should investors do now?

    The spot gold/silver ratio currently stands at 68.39 to 1 indicating that silver has outperformed gold.

  • Gold prices steady this week, silver soars 4.69% on retail frenzy Jan 31, 2021 05:05 PM IST

    Gold prices steady this week, silver soars 4.69% on retail frenzy

    Gold holdings in SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, fell by 4.66 tonnes to 1,160.13 tonnes.

  • Silver futures climb over Rs 70,000 per kg amid weak dollar Jan 04, 2021 04:37 PM IST

    Silver futures climb over Rs 70,000 per kg amid weak dollar

    In the futures market, silver for March delivery touched an intraday high of Rs 70,345 and a low of Rs 68,499 per kg on the MCX.

  • Natural gas futures rise 3.18% to Rs 191.30 per mmBtu on increased demand Jan 04, 2021 02:52 PM IST

    Natural gas futures rise 3.18% to Rs 191.30 per mmBtu on increased demand

    In the futures market, natural gas for January delivery touched an intraday high of Rs 193.60 and an intraday low of Rs 189.10 per mmBtu on MCX.

  • Buy MCX; target of Rs 2000: Motilal Oswal Nov 02, 2020 12:53 PM IST

    Buy MCX; target of Rs 2000: Motilal Oswal

    Motilal Oswal is bullish on MCX recommended buy rating on the stock with a target price of Rs 2000 in its research report dated October 29, 2020.

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