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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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  • Neutral MCX; target of Rs 1450: Motilal Oswal March 20, 2023 11:46 AM IST

    Neutral MCX; target of Rs 1450: Motilal Oswal

    Motilal Oswal recommended Neutral rating on MCX with a target price of Rs 1450 in its research report dated March 16, 2023.

  • Neutral MCX; target of Rs 1450: Motilal Oswal February 10, 2023 03:18 PM IST

    Neutral MCX; target of Rs 1450: Motilal Oswal

    Motilal Oswal recommended Neutral rating on MCX with a target price of Rs 1450 in its research report dated February 06, 2023.

  • MCX Q3 net profit up 12.56% at Rs 38.79 crore February 04, 2023 07:21 PM IST

    MCX Q3 net profit up 12.56% at Rs 38.79 crore

    Its net profit stood at Rs 34.46 crore during the same quarter of the previous fiscal, according to a regulatory filing.

  • Morning Scan: All the big stories to get you started for the day January 30, 2023 07:31 AM IST

    Morning Scan: All the big stories to get you started for the day

    A round-up of the biggest articles from newspapers.

  • Stock Market Live: Nifty inching back towards 18,000; will the gains sustain? | Closing Bell January 13, 2023 03:31 PM IST

    Stock Market Live: Nifty inching back towards 18,000; will the gains sustain? | Closing Bell

    Frontline shares make a strong comeback, but is the market out of the woods yet? Santosh Nair and Yatin Mota discuss. Stocks in focus are L&T technology Services, MCX, Tata Motors and Gujarat Gas

  • SEBI greenlights launch of multiple contracts on same commodity January 12, 2023 05:09 PM IST

    SEBI greenlights launch of multiple contracts on same commodity

    The decision is expected to be a welcome news for India’s leading commodity exchange, MCX, as the circular comes into effect immediately. Currently, barring gold, silver and precious metals, all other commodities have a single contract, which limits investors' and traders' participation.

  • Moneycontrol Daily: Your Essential 7 January 05, 2023 06:21 AM IST

    Moneycontrol Daily: Your Essential 7

    A daily round-up of the most interesting articles to help jump-start the day.

  • MCX faces SEBI crackdown over 2018 spot trading platform development bid March 03, 2023 04:18 PM IST

    MCX faces SEBI crackdown over 2018 spot trading platform development bid

    The development of spot trading software has been deemed an 'unrelated activity' by the Adjudicating Officer’s order dated January 4. MCX has also been penalised for deploying funds to the said firm without the approval of the Board of the market regulator

  • Gold to retain its glitter; may touch Rs 60,000 level in 2023 December 30, 2022 01:32 PM IST

    Gold to retain its glitter; may touch Rs 60,000 level in 2023

    Mumbai, Dec 30 A yellow glow is likely to stand out amid grey geopolitical clouds in 2023, with gold price projected to touch Rs 60,000 per 10 grams in..

  • Sebi enhances vigil on MCX technology transition; High Court issues notices December 18, 2022 05:57 PM IST

    Sebi enhances vigil on MCX technology transition; High Court issues notices

    In the meantime, the matter has reached Madras High Court with an investors group seeking a detailed probe by Sebi (Securities and Exchange Board of India) into the exchange with regard to the "integrity and competence of the market software technology" to be adopted by MCX.

  • Stock Market Live: Will The Rally In Auto Stocks Hit A Speed Bump? | Markets With Santo & CJ December 02, 2022 08:52 AM IST

    Stock Market Live: Will The Rally In Auto Stocks Hit A Speed Bump? | Markets With Santo & CJ

    Auto sector has been among the best performers of 2022 so far but November sales data so far has got CJ worried that the best of the rally may be over. Santo dismisses those concerns pointing to improving economic prospects and stable pricing. Watch as the duo discuss the outlook for the auto stocks plus their thoughts on MCX, ONGC and Oberoi Realty.

  • Gold Prices Today: Precious metal prices to remain volatile ahead of the US GDP data, support around Rs 52,920-52,800 November 28, 2022 10:18 AM IST

    Gold Prices Today: Precious metal prices to remain volatile ahead of the US GDP data, support around Rs 52,920-52,800

    Manoj Kumar Jain of Prithvi Finmart Commodity Research expects gold and silver to remain volatile this week ahead of the US quarterly GDP data and ADP non-farm employment data and continue to hold their respective support levels.

  • Gold Prices Today: Precious metals to edge higher amid weak dollar following Fed meeting minutes November 24, 2022 10:25 AM IST

    Gold Prices Today: Precious metals to edge higher amid weak dollar following Fed meeting minutes

    The immediate resistance zone is seen around the Rs 52500 level. Breakout and sustained buying above the mentioned level may push prices higher toward the Rs 53000 level. On the other hand, breakdown below Rs 52300 may drag prices lower toward the Rs 52000 level by this week, said Deveya Gaglani of Axis Securities.

  • Gold Prices Today: Yellow metal to stay volatile, experts suggest buy on dips November 17, 2022 10:10 AM IST

    Gold Prices Today: Yellow metal to stay volatile, experts suggest buy on dips

    The stage looks well set for a potential rally in the medium to long run, as plateauing inflation, weaker US dollar and stalling bond yields could act as the catalyst of the next bull run in gold prices. So, we maintain a buy on dips strategy, said Pritam Patnaik of Axis Securities.

  • Stock Market Live: Will Bharat Forge's rally continue or falter? | Markets with Santo & CJ November 15, 2022 03:11 PM IST

    Stock Market Live: Will Bharat Forge's rally continue or falter? | Markets with Santo & CJ

    Bharat Forge has reported strong earnings for the September quarter leading Santo to feel bullish for the stock's prospects, but CJ sees risks ahead. Watch as the duo clash horns over the auto-cum-defence player plus their thoughts on IRCTC, MCX and Havells India.

  • Buy MCX; target of Rs 1800: Motilal Oswal October 27, 2022 11:06 AM IST

    Buy MCX; target of Rs 1800: Motilal Oswal

    Motilal Oswal is bullish on MCX recommended buy rating on the stock with a target price of Rs 1800 in its research report dated October 26, 2022.

  • MCX shares zoom 6% on super show in second quarter October 25, 2022 09:48 AM IST

    MCX shares zoom 6% on super show in second quarter

    ICICI Securities, while maintaining its ‘buy’ stance, said growth in options, stable futures volumes and reduction in software cost post migration to new platform set up good prospects for FY24.

  • Buy MCX; target of Rs 1600: Motilal Oswal August 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 June 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 April 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 April 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 March 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