Page 10 - Mcx

MCX shares fall as exchange cancels mock trading session for new platform

Shares of Multi Commodity Exchange (MCX) fell over 3 per cent on Friday, a day after the exchange cancelled the mock trading session for the new trading platform. The exchange is in the process of implementing a new commodity derivative platform. In a circular on Thursday, MCX said, "the exchange had proposed a mock trading session on 22 June 2023, from 05.00 pm to 11.30 pm which stands cancelled." The stock went lower by 3.12 per cent to settle at Rs 1,570.45 on the BSE. During the day, it fell 6.37 per cent to Rs 1,517.80. At NSE, it declined 3.28 per cent to end at Rs 1,568.80. Earlier this week, the exchange had proposed a mock trading session on June 19 also but cancelled the same. The exchange had earlier also announced to conduct mock trading sessions to familiarise members with the new trading platform. "MCX stock price fell on June 23 as media carried reports in the morning about cancellation of mock trading on the previous day. Mock trading has been cancelled on a coup

Stocks to Watch today, May 23: PolicyBazaar, BPCL, Vedanta, NMDC, JSW Steel

Stocks to watch on May 23, 2023: Amara Raja Batteries, Ashok Leyland, Biocon and NMDC among prominent companies to announce Q4 results on Tuesday

Commodity exchange MCX's quarterly profit falls 85% to Rs 5.45 cr

Multi Commodity Exchange of India (MCX) has reported an 85 per cent decline in consolidated profit after tax at Rs 5.45 crore for the quarter ended March. The profit after tax stood at Rs 36.53 crore in the year-ago period, according to a regulatory filing. Its income from operations rose to Rs 133.75 crore in the latest March quarter compared to Rs 106.46 crore in the same period last year. As per the filing, the bourse's Options ADT (Average Daily Turnover) grew 203 per cent in the quarter under review to Rs 45,710 crore compared to the corresponding quarter of FY22. However, Futures ADT fell 22 per cent to Rs 20,632 crore in the fourth quarter of the last fiscal compared to the year-ago period.

Silver lining? Metal at record levels, but discount too is high

A small price correction is seen where demand is expected to return

Sebi imposes Rs 6 lakh penalty on MCX in data entry norms case

Capital markets regulator Sebi has imposed a penalty of Rs 6 lakh on Multi Commodity Exchange (MCX) for flouting norms in a case pertaining to data entries of Sikkim-based clients. The matter relates to incorrect input of State code and City code as Sikkim by seven trading members of MCX in the UCC (Unique Client Code) database. In its order, Sebi found that MCX imposed a penalty of Rs 10,000 per client on these trading members for wrong entries in June 2022. "The instant case pertains to incorrect input of State code and City code as Sikkim which does not cover under Material Discrepancies. Hence as per the ToR Member & Core SGF Committee (MCSGFC) is the authority to formulate policies for regulatory actions," Sebi said in its 58-page order on Tuesday. It means MCX was required to take it to the committee which is empowered to frame policy without imposing a penalty under material discrepancy. In its order, Sebi noted that MCX has not complied with certain clauses Term of ...

MCX Q3 net profit rises 12.56% to Rs 38.79 cr, income up to Rs 163.65 cr

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 launches online platform for arbitration

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.

Sebi enhances vigil on MCX technology transition; High Court issues notices

As top commodity exchange MCX races against time to move its trading technology from erstwhile promoter 63 Moons, regulator Sebi is keeping a close vigil on mock trading sessions and the transition process. In the meantime, the matter has reached Madras High Court with an investors group seeking a detailed probe by Sebi (Securities and Exchange Board of India) into the exchange with regard to the "integrity and competence of the market software technology" to be adopted by MCX. While Sebi has sought for weeks' time to file a counter affidavit, the court on December 8 also issued notices to MCX, MCX Clearing Corporation as well as their CEOs and Chief Technology Officers. On condition of anonymity due to the matter being sub-judice and under regulatory scanner, top officials said some mock trading sessions have serious issues, but MCX did not reply to queries from PTI in this regard. Top officials further said the regulator is closely watching the results of every mock trading sessi

MCX can rally to Rs 1,725, CSB Bank Rs 287, says Mehul Kothari; check why

According to the technical analyst from Anand Rathi, one can consider to buy MCX Indian in the range of Rs 1,645 to Rs 1,648; while CSB Bank in Rs 264 - 266 band.

Govt raises import duty on gold to 15% from 10.75% to curtail CAD

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

Here's why Mehul Kothari is bullish on MCX India, Voltas

According to the technical analyst, MCX India has a classic setup, precise Bullish BAT pattern on the daily chart with N-wave completed near the potential reversal zone.

Nifty 500 Alert: These 55 stocks are hitting fresh 52-week lows regularly

Among the losing pack, Solara Active Pharma Sciences has slumped 75 per cent, while Aarti Drugs, MCX India and Tata Communications are other major laggards

BSE, CDSL, MCX: Exchange-related shares poised for 14% upside, charts show

BSE stock is decisively claiming new all-time high; CDSL broke out of Double-Bottom formation, while IEX has witnessed an Inverse head and shoulder breakout.

Sensex snaps 7-day losing run, soars 1,329 pts; Nifty tops 16650; PSBs zoom

CLOSING BELL: Sectorally, the Nifty Realty and PSB indices logged the sharpest rebound today with 5 per cent gain each on the NSE

Stocks to Watch: L&T, Vedanta, NTPC, MCX, Dr.Reddy's, CBI, AU SFB, Textiles

BPCL, DLF, Dwarikesh Sugar, Exide, GIC Housing, HDIL, HPCL, IOC, Jindal Saw, KEC Intl, KPIT Tech, Krsnaa Diagnostics, SCI, Sun Pharma, Suven Life, Tata Motors and UCO Bank in focus ahead of Q3 results

Demand by pressure groups for suspension of cotton futures irrational: MCX

MCX said pressure groups in the value chain of the cotton industry are making "irrational" demand for suspension of futures trade in cotton on its platform

Stocks to Watch: Metro Brands, RIL, IOC, HCL Tech, MCX, JSW Energy, Yes Bk

Metro Brands seems set for a tepid debut given the poor response to its initial public offer

With nickel, MCX launches third base metal derivatives on its platform

The exchange already offers base metal options on futures in copper and zinc and option contracts in gold, silver and crude

BSE stock soars 16% to end at Rs 1,912 on NSE IPO buzz; MCX adds 5%

Market players expect NSE's valuation to be around the Rs 2 trillion mark. They feel the exchange's IPO could lead to sharp re-rating in shares of BSE and MCX

Stocks to Watch: RIL, HDFC AMC, ICRA, SRF, Tech Mahindra, Ceat, ICICI Bank

The markets are likely to react to Reliance and ICICI Bank results at the opening bell today