Indian Press Connect

After SEBI approves the launch of a commodity derivatives platform, MCX shares increase by 5%.

<p>After receiving approval from the Securities and Exchange Board of India to launch its planned commodities derivatives platform, Multi commodities Exchange of India Ltd. saw a 5% increase in share price.</p>
<p>“SEBI has withdrawn its directions to MCX and MCXCCL to keep the proposed go-live of CDP in abeyance,” said a filing with the exchange.<img decoding=”async” class=”alignnone wp-image-225320″ src=”” alt=” all the information you need to know about this nasa science laboratory download 2″ width=”1214″ height=”680″ srcset=” 300w,×84.jpg 150w” sizes=”(max-width: 1214px) 100vw, 1214px” title=”After SEBI approves the launch of a commodity derivatives platform, MCX shares increase by 5%. 6″></p>
<p>On the BSE, MCX shares increased by as much as 4.90 percent, reaching a high of Rs 2,139.00 a share.</p>
<p>The biggest commodities exchange in the nation, MCX, finally gained permission from the SEBI Technical advisory committee on Sunday to launch its commodity derivative platform (CDP) after many delays.</p>
<p>Earlier, the Securities and Exchange Board of India (SEBI) had forwarded the subject to the SEBI Technical Advisory Committee for deliberation. SEBI had urged MCX to postpone the intended go-live of CDP due to technical concerns.</p>
<p>However, the SEBI tech panel approved the CDP’s debut.</p>
<p>The SEBI Technical Advisory Committee advised MCX and MCXCCL to inform SEBI of the intended date for Go Live and to be able to Go-Live with the CDP. In light of this, SEBI has reversed its instructions to MCX and MCXCCL to postpone the intended Go-Live of CDP, according to MCX’s press statement.</p>
<p>After MCX and MCXCCL responded to the concerns highlighted by Chennai Financial Markets and Accountability on CDP, a decision was made.</p>
<p>The price of MCX stock increased by 16% in a single month and by more than 35% so far this year.</p>
<p> </p>

Related posts

This Is How the Newest Mobile From Nothing Costs Rs. 44,999. Nothing Phone (2) Unboxing

Mcap of seven of the ten most valued companies increases by Rs 65,302 crore; the largest gainers are TCS and ICICI Bank

Apple Watch 2024 Will Include Sleep Apnea Detection And Blood Pressure Monitoring