MCX signs MoU with NSE, India INX, NSDL and CDSL to set up new entity at GIFT City

Multi Commodity Exchange of India Limited (MCX) has signed a Memorandum of Understanding with National Stock Exchange of India Limited (NSE), India INX International Exchange (IFSC) Limited (India INX), National Securities Depository Limited (NSDL) and Central Depository Services (India) Limited (CDSL) for setting up Market Infrastructure Institutions comprising of International Bullion Exchange, Clearing Corporation and Depository at Gujarat International Financial Trade (GIFT) City in lines with the Government of India objective to make India a price setter in bullion through GIFT International Finance Service Centre (IFSC) and in accordance with the International Financial Services Centres Authority (Bullion Exchange) Regulations, 2020 and other applicable laws.

Shares of MULTI COMMODITY EXCHANGE OF INDIA LTD. was last trading in BSE at Rs.1509.9 as compared to the previous close of Rs. 1512.75. The total number of shares traded during the day was 14674 in over 1443 trades.

The stock hit an intraday high of Rs. 1531.05 and intraday low of 1499. The net turnover during the day was Rs. 22178400.

Source : Equity Bulls

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