Markets regulator Sebi has renewed the recognition of Multi Commodity Exchange Clearing Corporation Ltd (MCXCCL) to act as a clearing corporation for three years beginning July 31. The three-year term would conclude on July 30, 2028, according to a notification issued by the Securities and Exchange Board of India (Sebi) on Monday. "Sebi, having considered the application for grant of renewal of recognition ... by MCXCCL... and being satisfied that it would be in the interest of the trade, in the interest of securities market and also in the public interest so to do, hereby grants ... renewal of recognition to the said clearing corporation for three years commencing on the 31st day of July, 2025 and ending on the 30th day of July, 2028," the notification noted. MCXCCL is a wholly owned subsidiary of Multi Commodity Exchange of India Limited (MCX).
Silver trading strategy: The metal, at the time of writing, was trading at $36.75, up 1 per cent on the day, while the corresponding MCX Silver contract, gaining 1.45 per cent was noted at ₹1,08,825
Silver price today: At the time of writing this article, spot silver was changing hands at $36.42, down around 1 per cent on the day
The exchange will initially launch cash-settled contracts for the current and next three-month periods, but they will subsequently be available for all 12 calendar months, said MCX
Silver price outlook: On July 3, spot silver traded between $36.34 and $37.07. At the time of writing, the gray metal was trading at 36.85, up around 0.82 per cent on the day
Gold price outlook: Strong ETF inflows, weaker US Dollar, weak US data and shaky Iran-Israel ceasefire are positive for the yellow metal in the near-term
Silver price outlook: The white metal at $36.69 was up around 1.1 per cent on the day as the US Dollar Index slumped for the fifth straight day amid healthy risk appetite
UBS reiterated its 'buy' rating for MCX and raised the target price to ₹10,000 per share, the highest among all brokerages tracked by Bloomberg
In the past year, the market price of MCX zoomed 110 per cent, as against a 6 per cent gain in the BSE Sensex
Motilal Oswal Wealth Management recommends buying in the range of ₹882 - ₹880, with a stop-loss below ₹855 on a closing basis
Stocks to buy today, June 18: Chandan Taparia of Motilal Oswal shares Nifty and Bank Nifty outlook today, along with three stocks to buy today
BSE and MCX share prices trade at all-time high levels. Technical chart suggests a likely positive bias for MCX and IEX stocks, while BSE may witness high volatility in the near-term.
MCX share price rose 7 per cent after market regulator Securities and Exchange Board of India (Sebi) approved the launch of Electricity Derivatives Contract; what does this mean to IEX?
Silver price outlook: The white metal consolidated its gains on June 3 as the US dollar index strengthened
Gold outlook: Spot gold is likely to range trade ahead of the US ISM services and nonfarm payroll reports
Technically, the Golden Cross formation is considered as a positive development for the stock. Here's a detailed list of 12 Nifty 500 stocks with Golden Cross formation on May 30, 2025.
Sebi fines MCX ₹25 lakh for not disclosing ₹222 crore in payments to 63 Moons during delays in shifting to its new trading platform developed by TCS
MCX fined ₹25 lakh by Sebi for failing to disclose timely payments to 63 Moons and delays in migrating to a TCS-developed trading platform
MCX share price: Even though the numbers were good year-on-year (Y-o-Y), sequentially a sharp fall was recorded
Silver is up nearly 17 per cent since its cycle low of around $28.15 made on April 4. Although it is lagging gold, it is up around 14 per cent year-to-date (Y-T-D)