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MCX Shares Gain 10 Per cent On Options Trading Approval
Shares of Multi Commodity Exchange (MCX) hit fresh 52-week high on receiving approval from SEBI to start Options Trading.
The regulator yesterday allowed options trading on exchanges. There are also reports that six new products, including diamond, tea, eggs, cocoa have been added to the list of commodities.
Earlier, only futures contracts were allowed to be traded in the commodity derivatives trading space.
Speaking to CNBC-TV18 Mrugank Paranjape, MD & CEO OF MCX said that the exchange is ready in terms of processes and operations and technology. He also said that the biggest benefit is that it will enlarge the market. The benefit for us is commodity.
Shares of MCX were seen trading at Rs 1347, higher by 8.12 per cent on BSE at 12.30 pm IST. IT touched an intra-day high and 52-week high of Rs 1400 during trade.
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