Page 8 - Mcx

Mkt regulator Sebi puts MCX's impending transition to new CDP in abeyance

The exchange was scheduled to go live with the new tech platform on October 3

Sebi asks MCX to put launch of new commodity derivative platform on hold

The Securities and Exchange Board of India (Sebi) will discuss the commodity platform in its technical advisory committee meeting to be held shortly, MCX said in a statement

MCX slips 9% as Sebi stops launch of new commodity derivative platform

Sebi has asked MCX to put on hold the proposed plan to launch its new commodity derivatives platform (CDP) planned for next week

MCX surges 9%, nears record high; stock zooms 32% in one month

A combined around 7 million equity shares, representing 13 per cent of total equity of MCX, changed hands on the NSE and BSE till 3:00 PM

Gold, silver prices unchanged; yellow metal trading at Rs 59,620 per 10g

The price of ten grams of 22-carat gold was Rs 54,650, at par with yesterday's price

MCX shares tumble 9% after 63 Moons get software support contract

Shares of MCX tumbled nearly 9 per cent on Friday after the commodity exchange extended its software support contract with 63 Moons Technologies for a higher fee. The stock fell 8.65 per cent to settle at Rs 1,499.85 apiece on the BSE. During the day, it tanked 12.47 per cent to Rs 1,437. On the NSE, it dived 8.65 per cent to end at Rs 1,500.10 per share. However, shares of 63 Moons jumped 12.66 per cent to end at Rs 244.20 each on the BSE. On the NSE, the company's stock surged 12 per cent to settle at Rs 243 per piece. In separate stock exchange filings on Thursday, Multi Commodity Exchange of India Ltd and 63 moons said the contract has been extended for a period of six months starting July 1. The contract has been renewed at a consideration of Rs 125 crore per quarter, which would translate into Rs 250 crore for the six-month period. On the other hand, 63 moons, formerly known as Financial Technologies India Ltd, said it has "once again agreed to the eleventh-hour request by

63 Moons zooms 52% in 5 days as MCX extends support service for 6 months

Meanwhile, shares of MCX slipped 12 per cent to Rs 1,437 on the BSE.

One more time: 63 Moons' word-play on MCX extends software support contract

'One more time', 'last time', 'third time' and 'wish them good luck'. 63 Moons Technologies chose interesting words as it informed investors that Multi Commodity Exchange of India Ltd (MCX) once again extended the software support contract with the company for a quarterly fee of Rs 125 crore. The company is also the founder and former promoter of the bourse. The embattled exchange, which has been using the same software for nearly two decades, has been forced to continue with it, albeit at a much higher cost, after repeatedly failing to transition to a new trading platform within stipulated deadlines. In separate early morning stock exchange filings on Thursday, Multi Commodity Exchange of India Ltd and 63 moons said the contract has been extended for a period of six months starting July 1. Not so often that a regulatory filing informing about the renewal of a contract would have word-play varying from "one more time" to "eleventh-hour request" to "wish them good luck". According

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