MCX shares reached record level of 52 weeks, MCX stock recorded a jump of 5 percent

Share Market Today: MCX shares rose more than 5 percent today after SEBI approved CPD. Whereas NSE and BSE shares are trading in decline. MCX shares have reached a 52-week high. It is believed that after the approval from SEVI, the shares of MCX have increased.

MCX shares reached record level of 52 weeks, MCX stock recorded a jump of 5 percent

Shares of Multi Commodity Exchange (MCX) jumped 5 percent in today's trading session. Let us tell you that SEBI has given permission to launch the Commodity Derivative Platform (CPD). After this, there has been a rise in MCX shares. Now the company's shares rose 4.80 percent to Rs 2,137 per share on BSE, while MCX shares rose 4.73 percent to Rs 2,136 per share on NSE.

Apart from this, this stock reached Rs 2,150 per share on the NSE and Rs 2,149.50 per share on BSE. It has reached a 52-week high.

At the time of writing the news, Sensex was trading at 65,528.82 points with a fall of 466.81 points. At the same time, Nifty fell by 138.40 points and reached 19,515.10 points.

MCX on Sunday said it has received approval from the technical panel of markets regulator SEBI to launch a new web-based CPD with the capital markets watchdog first.

Following this approval, the SEBI Technical Advisory Committee has recommended that MCX and MCXCCL may go-live with the CDP and inform SEBI about the proposed date of go-live, the company said in a regulatory filing.

The approval came after the Securities and Exchange Board of India (SEBI) on September 29 advised the company to put on hold the proposed go-live of its new commodity derivatives platform planned for the first week of October. However, the regulator has withdrawn its instructions to MCX and MCXCCL to "keep the proposed go-live of the CDP in abeyance".

Sebi's intervention came after investor group Chennai Financial Markets and Accountability (CFMA) had asked the market regulator to ensure that MCX required technical assistance.