Multi Commodity Exchange

On Monday, the MCX Crude Oil futures were seen trading above the 100-DMA for the first time in more than six months. Sustained trade above Rs 6,350 can help the trend turn favourable for Crude Oil.

Leading commodity bourse MCX on Saturday posted a 12.56 per cent rise in its consolidated net profit to Rs 38.79 crore for the third quarter ended December 2022. Its net profit stood at Rs 34.46 crore during the same quarter of the previous fiscal, according to a regulatory filing. The company's total income rose on a consolidated basis to Rs 163.65 crore in the December 2022 quarter from Rs 104.06 crore in the year-ago period. MCX largely offers derivatives in the non-commodity segment.

Multi Commodity Exchange of India (MCX India) has launched an online web-based platform for expediting arbitration processes of investors and members' complaints. The platform will also facilitate easy access to information on ongoing as well as closed arbitration and appellate arbitration matters, the exchange said in a statement. According to MCX India, the platform has been integrated with the existing online-based Investor Grievance Redressal System (IGRS). "This is another step towards ease of doing business that will facilitate hassle-free filing of arbitration applications and rejoinders," MCX Managing Director and CEO P S Reddy said on Tuesday.

Norway's Norges Bank - Government Pension Fund Global on Tuesday bought 338,000 shares of Multi Commodity Exchange of India (MCX) for over Rs 50 crore through an open market transaction

Last year, the government had cut the tax on gold imports to 7.5% in the Union Budget

Platform will be extended to spot gold exchange

To enable high throughput trading, TCS' solution for MCX will use the Deutsche Börse T7 trading platform, which the Indian IT giant helped develop

Stocks like Bajaj Electricals and NALCO can even surge up to 20 per cent each; while MCX, JK Lakshmi Cement and Tata Coffee are also looking good

MCX said it is planning to launch spot exchange in base metals which will help develop and discipline the fragmented physical market and complement bourse's delivery-based futures market

The bourse recently launched options on goods in 100-gm goldmini contract

Multi Commodity Exchange (MCX) has said it is seeking approval from market regulator Securities and Exchange Board of India to re-launch potato futures contracts. "There is a need (of hedging) in sensitive commodities like pulses and sugar etc... We may soon be launching potato contracts," said Rishi Nathani, head of business development at MCX, while commenting on industry demand for robust farm futures trade in a webinar on agricultural reforms. The exchange has applied to the Securities and Exchange Board of India (Sebi) for permission to re-launch the potato contracts, he stated. MCX had a successful potato futures contract, few years ago, but it lost liquidity over a period of time due to which Forward Markets Commission, then regulator of the commodity derivatives market, asked MCX to stop trade in the contract in September 2014. In the webinar on agricultural reforms, organised jointly by MCX and Indian Merchants' Chamber (IMC), food business major ITC stressed on necessity

Lockdown, negative price fiasco at MCX among slew factors cited as reasons for decline

Court refuses to stay MCX's April 21 circular, which fixed a negative settlement price on the Aprol crude oil contract

Lead, nickel and zinc lose 3.5% each on expectations of uncertain demand; slight dip in bullion

The decision has been taken as a preventive measure in view of government stopping modes of transport even within the city.

Base and precious metals fell on Multi Commodity Exchange (MCX) futures. The fall in metals was a little sharper on the London Metal Exchange (LME)

Exchange says it covered price volatility risk adequately with no default occurring during the price decline; brokers, however, says some margin calls were triggered

With this, retail investors can now buy coins in the futures market and store it in a vault of his choice before taking delivery

Its net profit stood at Rs 35.93 crore in the year-ago period, the company said in a regulatory filing.

The delivery was 1,82,300 bales during the previous cotton season, MCX said in a release here