MCX hits 52-week as Sebi allows options trading in commodities

29/09/2016 13:43

Shares of Multi Commodity Exchange of India (MCX), an independent commodity exchange based in India, rallied over 12 per cent, hitting fresh 52-week high, on the Bombay Stock Exchange after capital market regulator the Securities and Exchange Board of India (Sebi) allowed options trading in commodities.

Boosted by the development, shares of company gained as much as 12.30 per cent in intra-day to trade at Rs 1400.00 apiece on Bombay Stock Exchange.

In a similar fashion, stocks of company advanced 2.65 per cent to Rs 1,283.60 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 27,988.87, down 303.94 points, or 1.07 per cent at 13:48 hours.

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