Multi Commodity Exchange of India Ltd (MCX)

MCX Crude Oil and Turmeric Futures Rise, Natural Gas and Guarseed Futures Fall - 24 Jul, 2024

During the initial hour of trading on Wednesday, August crude oil futures rose by 0.15% to ₹6468, September futures rose by 0.06% to ₹6406, turmeric (farmer polished) contracts rose by 0.39% to ₹16000, while natural gas futures fell by 2.29% to ₹183.50 and guarseed futures fell by 0.53% to ₹5422.

Multi Commodity Exchange of India Ltd to Remain Closed During Morning Shift - 17 Jul, 2024

The Multi Commodity Exchange (MCX) will remain closed during the morning shift from 9:00 IST to 17:00 IST on July 17, 2024. Trading will resume at 17:00 IST.

MCX Trading Halted for Muharram Observance - 16 Jul, 2024

The Multi Commodity Exchange of India Limited (MCX) will suspend trading during the morning session on July 17, 2024, due to Muharram observance. Meanwhile, crude oil and natural gas futures prices fell on MCX.

Multi Commodity Exchange of India's High P/S Ratio Justified by Strong Revenue Growth - 12 Jul, 2024

Despite a high price-to-sales (P/S) ratio of 25.3x, Multi Commodity Exchange of India's strong revenue growth justifies the valuation. The company posted a terrific increase of 31% in revenue growth over the last year and is expected to climb by 19% per annum during the coming three years, higher than the broader industry forecast of 15%. Shareholders are confident in the company's future revenues, which is propping up the P/S.

MCX Yet to Finalize New CEO - 10 Jul, 2024

The Multi Commodity Exchange of India Ltd (MCX) is yet to appoint a new MD&CEO, leaving the exchange operations under a special executive committee. The leadership vacuum is critical as the exchange recently migrated to a new trading platform developed by TCS and is among two listed exchanges.

MCX Trading Session Delayed Due to Technical Issues - 09 Jul, 2024

Multi Commodity Exchange of India Ltd (MCX) will commence commodity trading at 10 am instead of the usual 9 am due to technical issues. The end-of-day processes for Monday's trade were delayed, and a special session will start at 9:45 am. MCX shares traded marginally lower on Tuesday.

MCX Futures Trading Higher, NCDEX Jeera Contracts Up - 01 Jul, 2024

Multi Commodity Exchange of India Ltd's July crude oil and August futures trading higher on MCX. July natural gas futures down by 1.42% while July jeera contracts up by 0.22% on NCDEX.

Active Trading in Gold and Silver Futures on MCX - 28 Jun, 2024

On June 28, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024, at Rs 71,583 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 87,501 on the MCX.

Experts predict bullish trend for crude oil prices - 27 Jun, 2024

Experts predict a continued upward trend in crude oil prices due to strong US gasoline consumption and a revival in air travel. The MCX crude Oil July has broken out above the horizontal resistance line at Rs 6,700 and is trading above the 100-Daily Moving Average of Rs 6,660. Analysts estimate potential resistance towards Rs 6,840 and Rs 7,040 with support levels at Rs 6,740-Rs 6,660. However, gains may be capped despite ongoing headwinds.

MCX Sees Active Trading in Gold and Silver Futures - 25 Jun, 2024

On June 25, 2024, the Multi Commodity Exchange (MCX) saw active trading in gold futures contracts expiring on August 05, 2024, at Rs 71,610 per 10 grams. Silver futures contracts expiring on July 5, 2024, were quoted at Rs 88,769 on the MCX.