MCX Surges 3% on SEBI Approval, Hits 9-Session High

  Published 1 year ago

MCX gains 3% to 7,643 rupees ninth straight session up after SEBI approves electricity derivatives; YTD up 22%.

  • MCX approved by SEBI for electricity derivatives, expanding trading in bullion, energy, metals, and agri commodities.
  • Average analyst rating 'buy' with a median price target of 6,475 rupees per LSEG data.
  • MCX shares rise 22% year to date amid regulatory support and commodity market growth.

You might like these

India’s 2047 Growth Vision: 6.6% GDP

P N Gadgil Launches Budget-Friendly Gold Jewelry Brand

Germany Boosts Economy with Tax Breaks

HDB Financial Services IPO Surpasses 16x Subscription

GMR Group Plans ₹25B Bond Issue

SEBI Penalizes BSE 2.5 Million Rupees for Compliance Failures

JK Paper Sees Profit Dip, Eyes Growth

News that matters the most ⚡