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MCX slips over 4% on NYSE Euronext stake sale plan report

By Religare
MCX slips over 4% on NYSE Euronext stake sale plan report
Shares of Multi Commodity Exchange of India (MCX) dipped over 4 per cent in early trade on Bombay Stock Exchange (BSE) amid reports that the NYSE Euronext (NYX) will sell its entire stake in the country's largest commodity exchange via block deal today.

"NYSE Euronext (NYX) will sell about 4.8% stake in MCX via a block deal on Thursday," a media report said.

Weighed down by reports, shares of the company declined as much as 4.54 per cent to trade at Rs 1,008.05 a piece on the BSE.

In a similar fashion, shares of the company were quoting at Rs 1,037.05 a piece, down 1.98 per cent on the National Stock Exchange (NSE).

Meanwhile, the broader benchmark Sensex was quoting at 19,224.51, down 28.15 points or 0.15 per cent at 10:15 hours.

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