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.

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