MCX stock hits 52-wk high
image for illustrative purpose
New Delhi: Shares of Multi Commodity Exchange (MCX) jumped five per cent in mid-session trade on Monday, after the bourse received approval from Sebi’s tech panel to launch new web-based commodity derivatives platform (CPD).
The scrip of the company rallied 4.80 per cent to Rs2,137 apiece on the BSE, while shares of MCX climbed 4.73 per cent to Rs2,136 per piece on the NSE. Further, the stock hit 52-week high of Rs2,150 and Rs2,149.50 per piece on the NSE and BSE, respectively. Meanwhile, the 30-share BSE Sensex plunged 393.59 points or 0.60 per cent lower at 65,602.04 points and Nifty fell 0.61 per cent at 19,534.45 points in the mid-session trade.
On Sunday, MCX said it has received the approval from markets regulator Sebi’s tech panel to launch a new web-based CPD after several delays with the capital market watchdog earlier. “Subsequently, Sebi Technical Advisory Committee has recommended that MCX and MCXCCL may Go-Live with the CDP and to intimate Sebi regarding the proposed date for Go Live,” the company said in a regulatory filing.
