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.
"Nifty has crossed last week high and heading towards 10250-10270 levels i.e. Upper Band of Falling Channel which might work as immediate resistance. Sustenance trade above these levels may add further momentum on upside," says Rajesh Agarwal of AUM Capital.
The Memorandum of Understanding (MoU) will enhance the decision-making ability of the farmers further. To start with, MCX will be providing price information, open interest information, spot price, future price and derived data (analytics) for all the agri commodities namely - CPO (crude palm oil), cotton, cardamom and mentha oil, a statement said.
Kunal Saraogi of Equityrush advises buying Godrej Consumer Products with a target of Rs 1035.
The company's 1QFY18 revenue has declined 6 percent to Rs 59.2 crore and PAT was at Rs 26.3 crore, which was dragged further by lower other income of Rs 27.7 crore.
Ashwani Gujral of ashwanigujral.com suggests selling Sell MCX India and Capital First.
Ashwani Gujral of ashwanigujral.com suggests buying Max Financial Services, Raymond and Pidilite Industries.
Ashwani Gujral of ashwanigujral.com recommends buying Multi Commodity Exchange of India, Escorts and DLF.
Jay Thakkar of AnandRathi is of the view that one may buy Bajaj Finserv with a target of Rs 4168.
The World Silver Survey 2017, released by the Silver Institute and produced on its behalf by the GFMS Team at Thomson Reuters (GFMS), said that global silver mine production in 2016 recorded its first decline since 2002, dropping by 0. 6 per cent in 2016 to a total of 885.8 million ounces (Moz).
Edelweiss is bullish on MCX has recommended buy rating on the stock with a target price of Rs 1455 in its research report dated May 09, 2017.
Axis Direct is bullish on MCX has recommended buy rating on the stock with a target price of Rs 1397 in its research report dated May 09, 2017.