MCX hits more than three-year high as Sebi permits alternatives exchanging wares


The stock hit intra-day high of Rs 1,400 on BSE, surging 51% from its late low of Rs 928 addressed Sep 12. 

Cabinet accept Strategic Sale In Bharat Pumps

Shares of Multi Commodity Exchange of India (MCX) has hit new 52-week high of Rs 1,400, up 12% on the BSE in early morning bargain after the Securities and Exchange Board of India (Sebi) has permitted product trades to present exchanging choices. The stock hit its most elevated amount since February 4, 2013. 

The controller on Wednesday said in a roundabout sent to trades that would require its endorsement, which will be liable to rules that would be declared later, the Business Standard report proposes. Join 

In past three exchanging sessions, the stock aroused 31% from Rs 1,072 on Monday, after the trade has expanded exchange charges for agri and non agri items viable 1 October this year. The charges for non agri products were last reconsidered in February 2014. For non agri wares for day by day normal turnover upto Rs 350 crore charges have been raised from Rs 2.10 for each Rs. One lakh of swing over to Rs 2.60 and for incremental turnover above Rs 350 crore it has been changed from Rs 1.40 to Rs.1.75. 

The stock surged 51% from its late low of Rs 928 addressed September 12, when contrasted with 0.31% ascent in the S&P BSE Sensex. 

At 9:28 am, the stock was up 11% at Rs 1,388 on the BSE. A joined 1.58 million shares changed hands on the counter on the BSE and NSE as such.

For more latest hindi news click here