MCX clocks Rs 1,063.7 cr volume on NSE

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MCX clocks Rs 1,063.7 cr volume on NSE
Mumbai, Mar 9 (PTI) The Multi-Commodity Exchange (MCX) shares which made a rocking debut today, clocked a volume of Rs 1,063.73 crore on the National Stock Exchange where the shares are not listed but the exchange allowed trading in the scrip in the "permitted category".

"The NSE will list MCX shares when the management opts for listing," an NSE official told PTI here. The country's largest bourse announced late last night that it would extend its platform for trading in MCX shares, which got listed today on the BSE.

Incidentally, the NSE and founder of the MCX promoter FT Group have been at loggerheads for the last several years. On day one, the MCX counter grossed up Rs 1,063.73 crore on a volume of 79.41 lakh shares on the NSE.

MCX opened today at Rs 1,408 and scaled to high of Rs 1,428.55 before closing at Rs 1,294 on the NSE.

Meanwhile, MCX officials today clarified that they did not apply for listing on the NSE as they wanted to first list on the BSE, watch volume for some days, and then decide listing on the NSE.

The NSE added MCX into the "permitted securities category" where they can add a scrip to their trading platform even if the concerned company has not applied, the exchange spokesperson said. The MCX will become the first scrip to be proactively offered for trading by the NSE on the day of listing, he said.

Earlier in the day, MCX vice-chairman Jignesh Shah told reporters on the sidelines of listing ceremony on BSE here that, "The NSE is already a shareholder of MCX and listing on NSE will be the gradual step,".

The group company Financial Technologies is already listed on the NSE, Shah said.

PTI

Read more about: mcx, ipo, shares, nse
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