MCX IPO may be the lone shining star in the IPO market. The year 2012 has already seen call-off of 11 IPOs, says Jagannadham Thunuguntla, Strategist & Head of Research, SMC Global Securities Limited.
The BSE Sensex retained its early gains due to consistent buying in banks, capital goods, auto, metals and oil & gas stocks. Even the NSE Nifty managed to hold 5300 level. A share of Multi Commodity Exchange of India (MCX) rose 30.57% to Rs 1,347.50 with volume of 38 lakh shares on the National Stock Exchange.
Shares in Multi Commodity Exchange (MCX) rose more than 37% on their trading debut on Friday, indicating a revival in investor appetite for share offerings after a lacklustre 2011.
The BSE Sensex extended its early trade gains to 2% supported by 29 stocks. Upmove continued not only in Indian equities but also in global peers on hopes that Greek debt swap deal will get passed soon and ahead of US jobs data.
A share of MCX, India's largest commodity exchange, shot up 38% on opening to trade at Rs 1425 as against issue price of 1032 on the BSE.
A share of MCX is at Rs 1387, up 34.40% over issue price of Rs 1032 in a pre-opening session on the BSE.
The BSE Sensex started off trade with 250 points gap up on Friday following strong global cues. Even the NSE Nifty touched 5300 level on hopes that Greek debt deal will get passed soon.
Multi Commodity Exchange of India (MCX) may also list its equity shares on the National Stock Exchange today with symbol - MCX.
It is the first big ticket IPO of 2012 and today, India's leading commodity exchange – the MCX will list its shares expectedly at a premium on the bourses.
The MCX IPO comes as a harbinger of hope for the primary market. How will it do? How will the Nifty trade today? Here are the cues.
Shares of MCX, India’s largest commodity exchange, will debut on the bourses on Friday, after having got an overwhelming response to its initial public offering priced at Rs 1032 a share. Going by the prices being quoted in the grey market, brokers expect the stock to list between Rs 1350-1400.
Multi Commodity Exchange of India (MCX), world's fifth largest commodity exchange, is set to list its equity shares on Friday, March 9, 2012.
According to Venkat Ramaswamy of Edelweiss Financial Services, the success of the MCX IPO will give a fillip to primary markets and will help revive demand in the segment.
India's Multi Commodity Exchange (MCX) has priced its initial public offering at the top of an indicative range of Rs 860-1032/share, after investors bid for more than 54 times the shares on offer in a sign of revival of the country's dormant primary market.
The 64.27 lakh shares IPO of MCX - world's 5th largest commodity exchange - turned out to be one of the best received offer in the last more than a year. The issue subscribed 54.13 times on the last day with overwhelming response from every type of investor.
Key indices posted their first weekly loss this calendar after seven successive weeks of gains, as the market looks to consolidate the massive gains made so far. The Nifty and Sensex retreated 2-2.5%, closing at 5429, and 17923 respectively.
It was the first bad weekly close for the Indian equity market in 2012. The past seven weeks have seen positive rallies. The market fell more than 2% during this week while it rallied 18-20% in the previous seven weeks helped by inflow of around Rs 29,000 crore.
Indian markets had a laggard session yesterday. Will it play out the same way today as well? Read on for more...
Initial public offering of country's largest commodity exchange MCX received tremendous response from all kind of investors and was subscribed 4.5 times on second day.
KRChoksey has come out with its research report on Multi Commodity Exchange of India Ltd (MCX) IPO. According to research firm, one can subscribe to the issue and can expect 15% listing gains on the issue from upper end of price band of Rs 860-1032/share.
An initial public offering by the Multi Commodity Exchange (MCX) to raise up to USD 134 million was fully covered on the second day of its launch, stock exchange data showed on Thursday.
The Initial Public Offer of top commodity exchange MCX was subscribed 91 per cent on its first day today, as the first-ever IPO by an Indian bourse witnessed robust demand from retail as well as institutional investors.
According to experts, investors should subscribe to the MCX IPO because of the growth potential of the company and the valuations it has.
India's Multi Commodity Exchange (MCX) has raised about Rs 95.6 crore from 12 cornerstone investors, the company said, ahead of its initial public offering of shares that aims to raise as much as USD 134 million.
The primary market is back with a bang with the Multi Commodity Exchange’s IPO which opens today, reports CNBC-TV18’s Varinder Bansal.