The country’s largest commodity exchange is a monopoly exchange in delivery-based base metals futures and options.
The MCX has also started the process of empanelment of domestic refined lead brands to encourage more domestic consumers and refiners to participate on the exchange, it stated.
Silver contracts grossed a turnover of Rs 17,574 crore in August 2020. The performance of Silver (30 KG) options was also robust with an average notional daily turnover of Rs 419 crore during August 2020 with a record turnover of Rs 741 crore on August 26, 2020.
ICICI Securities recommended hold rating on Multi Commodity Exchange of India with a target price of Rs 1650 in its research report dated September 02, 2020.
Unlike existing products, Bulldex is a cash-settled product, having a huge potential from institutional investors like mutual funds, portfolio managers, corporate in the gem and jewellery sector, among others.
The bullion Index futures contracts expiring in September, October and November are now available for trading.
As FII inflows continue to remain strong, the liquidity remains healthy and hence sharper correction without a specific event trigger on domestic/global seems unlikely.
ICICI Securities recommended hold rating on Multi Commodity Exchange of India with a target price of Rs 1328 in its research report dated June 02, 2020.
Motilal Oswal upgraded its FY20 earnings estimate for MCX by 11 percent, largely led by operative leverage.
We expect volatility to inch higher this week as participants will unwind and rollover their derivatives positions due to schedule F&O expiry on July 25
Gold's share in turnover increased to 17 percent at the end of June quarter, from 13 percent in March quarter. Gold and crude together accounted for 58 percent of turnover in Q1
Company's income from operations increased 2.9 percent QoQ to Rs 79.1 crore, which was ahead of Motilal Oswal's estimate of Rs 77.4 crore
The appointment is for a period of five years subject to the regulatory approvals, MCX said in a BSE filing.