MCX share price: While MCX shares gained following the latest news, its rival Indian Energy Exchange (IEX) saw its share price decline by nearly 1.5%.
Positive update from Angel One lifted sentiment across the capital markets segment. The Nifty Capital Market index rose up to 2% intraday.
Nervousness prevailed in the domestic equity markets, with the India VIX index jumping as high as 8 percent
MCX is preparing to introduce weekly contracts, which are currently undergoing extensive back-testing prior to the submission to SEBI for approval.
MCX's total income for the quarter ended March 2024 came in at Rs 153.83 crore, up 29.6 percent on-year. Sequentially, however, it saw a decline of around 5 percent.
This is the first time that MCX is changing its technology partner. Currently, 63 Moons Technologies which was the founder-promoter of MCX, is providing technology for the clearing and settlement software at MCX.
Avinnash Gorakssakar, Market Expert is of the view that one can buy MCX India at the current level.
Prakash Gaba of prakashgaba.com is of the view that MCX India may head to Rs 1350.
Shares of commodity bourse MCX settled with nearly 7 percent gains on May 23 after the Reserve Bank removed restriction imposed on overseas investors on buying equity shares in the Multi Commodity Exchange (MCX)
The Reserve Bank has allowed overseas investors to buy equity shares in Multi Commodity Exchange (MCX) after foreign shareholding in the bourse fell below the prescribed threshold caution limit
Such a platform could provide transparency and establish a price benchmark in the market, though some in the industry said more changes were needed before such a plan might work.
Kunal Shah, Nirmal Bang Commodities recommends going short on MCX copper at Rs 454-455 per kg with a stop loss placed above Rs 459 per kg and for a target of Rs 448 per kg.
Sachin Pilot had indicated that they had sought an enquiry report from the Registrar of Companies and on the basis of that report, this inspection has been ordered under Section 209(A) of the Companies Act
Gold futures fell on Tuesday in line with overseas markets and on a firm rupee, with traders getting some respite after the finance minister suggested a hike in import duty on the yellow metal was unlikely.
Indian gold futures extended gains for another session on Thursday, recovering from their lowest level in more than two weeks, while physical traders stayed away, unwilling to get stuck with high-priced stocks during the festival season.
With robust investor demand seen at the listing of the Multi-Commodity Exchange (MCX) today and its price soaring past Rs 1,400 level, CNBC-TV18’s Udayan Mukherjee, however, says it is probably time to press the caution button and not go overboard.
India gold extended gains on Wednesday afternoon to near its peak following firm overseas markets, and a weaker rupee, which made the dollar-quoted yellow metal expensive, analysts said.
India gold fell on Monday afternon, hitting its lowest level in more than three weeks, following overseas trends, although a weaker rupee kept the downside in prices limited, analysts said.
India's most-active gold futures on the Multi Commodity Exchange (MCX) recovered from its early losses to hit a record high of Rs 21,112 per 10 grams, helped by a weaker rupee and firm overseas leads.