Kopar Khairane
Buisness

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“SEBI has withdrawn its directions to MCX and MCXCCL to keep the proposed go-live of CDP in abeyance,” said a filing with the exchange.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=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-all-the-information-you-need-to-know-about-this-nasa-science-laboratory-download-2.jpg” alt=”theindiaprint.com all the information you need to know about this nasa science laboratory download 2″ width=”1214″ height=”680″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-all-the-information-you-need-to-know-about-this-nasa-science-laboratory-download-2.jpg 300w, https://www.theindiaprint.com/wp-content/uploads/2023/10/theindiaprint.com-all-the-information-you-need-to-know-about-this-nasa-science-laboratory-download-2-150×84.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>
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