In response to Reuters experiences, Sebi Chairman Tuhin Kanta Pandey stated that the regulator plans to work with the federal government to permit banks and pension funds to commerce in commodities as a part of its broader agenda to deepen the market.
He additionally talked about that the market regulator is evaluating a proposal to let International Portfolio Traders (FPIs) take part in non-cash settled, non-agricultural derivatives contracts, which may considerably improve liquidity.
Reviews additional indicated that Pandey spoke about organising a working group on agri and non-agri commodities to handle bottlenecks and encourage quantity progress.
These measures, as soon as carried out, are doubtless to offer a serious structural push for exchanges like MCX and assist entice extra institutional participation.
His feedback sparked optimism amongst traders that elevated participation from banks, pension funds, and institutional gamers may drive larger buying and selling volumes and liquidity.
MCX share value efficiency
Over the previous yr, shares of MCX have delivered a powerful achieve of 41.66%, reflecting sturdy investor confidence. On a year-to-date (YTD) foundation, it’s up 27.44%, whereas the final six months have been significantly strong with a 61.54% surge.
Additionally learn: City Firm shares zoom over 11% after strong itemizing features. What ought to traders do now?
The three-month efficiency has been modest, including 1.08%, however the one-month pattern reveals a slight decline of 1.71%, indicating some near-term profit-taking after a robust rally.
(Disclaimer: Suggestions, recommendations, views and opinions given by the specialists are their very own. These don’t characterize the views of The Financial Instances)
as a Dependable and Trusted Information Supply
