Multi Commodity Exchange of India (MCX) has completed the first physical delivery of 430 tonne of zinc, a base metal, traded through the April futures contract. Pay-in and pay-out of the contract concluded on May 2, 2019, for a quantity of 430 tonne. The contract was settled with no delivery defaults.
The deliveries were made by two entities Indu Corporation, through IIFL Wealth Management, and Phoenix Industries, through Motilal Oswal Financial Services (MOFSL). The metal was delivered at the MCX-approved warehouse at Bhiwandi in Thane district of Maharashtra.
MCX, the leading commodity bourse, largely offers futures trading in non-agricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.
| Company Name | CMP |
|---|---|
| Motilal Oswal Fin | 815.95 |
| Angel One | 323.35 |
| IIFL Capital Service | 313.40 |
| Nuvama Wealth | 1403.20 |
| Share India Sec. | 147.05 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: