India's leading commodity bourse Multi Commodity Exchange (MCX) said on Monday it has received approval from markets regulator SEBI to invest in a proposed coal exchange company. MCX, which received the Securities and Exchange Board of India's approval on April 17, plans to incorporate a new wholly owned subsidiary, likely to be named MCX Coal Exchange Ltd or MCX Coal Exchange of India Ltd, according to a regulatory filing. The exchange said it will commit capital of up to Rs 100 crore to the new subsidiary to meet minimum net worth requirements under draft Coal Exchange Rules, and will initially hold a 100 per cent stake, with the option to bring in strategic partners at a later stage. The new entity will provide a transparent, standardised digital platform for the physical delivery of coal at market-driven prices, and will submit an application to the Coal Controller Organisation of India once prescribed timelines are in place. The move builds on MCX's existing energy derivative
On the National Stock Exchange (NSE), Nifty Capital Markets gained 3.9 per cent, logging an intra-day high at 5,144.25
MCX shares were seen trading northward, with a gain of 2.9 per cent at ₹2,742.7 on the National Stock Exchange
MCX share price target: HDFC Securities has maintained a 'Buy' rating on MCX stock and raised its target price to ₹2,950 from ₹2,780
Share price of MCX rallied 5% to ₹2,675 on the BSE in Tuesday's intra-day trade, and was quoting close to its all-time high of ₹2,706 touched on January 29, 2026.
MCX stock has jumped 23 per cent post its 1:5 stock split earlier this month; and zoomed as much 207 per cent from its 52-week low of ₹882 touched on March 11, 2025.
MCX share price moved higher on Tuesday after the exchange reported strong financial performance for the December quarter of FY26 (Q3FY26).
The initial public offering (IPO) of KSH International, a manufacturer of magnet winding wires, garnered only 83 per cent subscription thanks to a reduction in the offer-for-sale (OFS) component
MCX has fixed January 02, 2026, as the 'Record Date' for the purpose of determining the shareholders eligible for the sub-division of existing equity shares.
In the past one month, MCX share price has outperformed the market by surging 13 per cent, as compared to a 0.26 per cent rise in the BSE Sensex
Trading at MCX was delayed by four hours due to a technical glitch, marking the second disruption in four months and raising questions over the exchange's systems
MCX attributed the halt to a 'technical issue' and announced that trading would begin from its Disaster Recovery (DR) site, though it did not provide full details of the fault.
In the past one month, MCX has outperformed the market by surging 20 per cent, as against 0.50 per cent rise in the BSE Sensex.
MCX shares rose 5 per cent after Sebi said it is considering a plan to allow banks and pension funds to trade commodities
President Trump said that US tariffs on semiconductor and pharmaceutical imports would be announced within the next week or so. Tariffs of pharmaceuticals could be as high as 250 per cent.
MCX reported a profit after tax (PAT) of ₹203.19 crore during the quarter ended June 30, 2025, up 83 per cent from ₹110.92 crore reported in the year ago period
MCX initially said trading would resume at 9:45 AM, but later delayed it to 10:10 AM due as trading in the platform had not resumed
The market regulator had barred five officials from IndusInd Bank in the alleged insider trading matter
Hindustan Zinc today rose 3.04 per cent to hit an intraday high of ₹507.10, while MCX jumped 5.21 per cent to ₹7,472.80.
MCX share price: Even though the numbers were good year-on-year (Y-o-Y), sequentially a sharp fall was recorded