MCX rises after Sebi allows foreign investors to trade in commodity market

"EFEs would be allowed to trade in all commodity derivatives traded on Indian Exchanges except those contracts having underlying commodity defined as 'Sensitive Commodity'.

Shares of commodity exchange MCX (Multi Commodity Exchange of India) surged as much as 4 per cent in the intraday trade on Wednesday after the markets regulator Sebi approved a proposal to allow foreign investors to trade in commodity derivatives market.
 
The regulator on Tuesday said the Sebi's board has approved the regulatory framework for permitting foreign entities having actual exposure to Indian commodity markets, to participate in the domestic commodity derivatives markets. Such entities would be classified as “Eligible Foreign Entities” (EFEs).
 
"EFEs would be allowed to trade in all commodity derivatives traded on Indian Exchanges except