MCX shines on launching futures trading on MCX METLDEX

19 Oct 2020 Evaluate

Multi Commodity Exchange Of India is currently trading at Rs. 1778.00, up by 35.55 points or 2.04% from its previous closing of Rs. 1742.45 on the BSE.

The scrip opened at Rs. 1720.05 and has touched a high and low of Rs. 1800.00 and Rs. 1720.05 respectively. So far 21579 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1859.00 on 14-Sep-2020 and a 52 week low of Rs. 805.05 on 25-Mar-2020.

Last one week high and low of the scrip stood at Rs. 1800.00 and Rs. 1696.90 respectively. The current market cap of the company is Rs. 9082.81 crore.

The Institutions and Non-Institutions holding in the company stood at 77.98 % and 22.02 % respectively.

Multi Commodity Exchange of India (MCX) has launched futures trading on the country’s first tradable real-time Base Metals Index, i.e. MCX iCOMDEX Base Metal (METLDEX).

The exchange has launched METLDEX futures expiring in the months of November 2020, December 2020 and January 2021. Atleast 3 consecutive month contracts will be available at all times. The contract has a lot size equal to 50 times of underlying MCX iCOMDEX Base Metals Index. The tick size (minimum price movement) for the contract is Re 1. The contracts would finally be settled in cash at the end of expiry of each contract. The final settlement price will be based on the Volume Weighted Average Price (VWAP) of the underlying constituents between 4:00 p.m. and 5.00 p.m. on the expiry day of the index futures contract.

MCX, the leading commodity bourse, largely offers futures trading in nonagricultural commodities. The exchange contributes maximum business to the total turnover of the commodity futures market.

Multi Commodity Exch Share Price

3791.30 -101.40 (-2.60%)
19-Apr-2024 16:01 View Price Chart
Peers
Company Name CMP
ICICI Securities 710.85
Angel One 2689.00
Motilal Oswal Fin 2235.80
Share India Sec. 1685.00
SMC Global Sec. 140.10
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