Latest news with #MultiCommodityExchangeofIndia
Business Standard
11 hours ago
- Business
- Business Standard
MCX receives SEBI approval to launch electricity derivatives
The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch Electricity Derivatives, marking a significant milestone in the evolution of India's Energy trading landscape. This development underscores the strong commitment and support of the Regulators - SEBI and Central Electricity Regulatory Commission (CERC) - in enabling a dynamic and sustainable power market. The Electricity Derivatives Contracts to be introduced by MCX will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively, by enhancing efficiency in the power market. This landmark move positions MCX as a torchbearer of innovation in commodity trading, while reinforcing India's ambition towards sustainable energy and capital market development. It also marks a pivotal step toward deepening India's energy markets and aligns with the broader vision of 'Viksit Bharat'.
Business Standard
13 hours ago
- Business
- Business Standard
MCX gets SEBI nod to launch electricity derivatives
The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (SEBI) to launch electricity derivatives. Backed by both SEBI and Central Electricity Regulatory Commission (CERC), this move aims to help power generators, distributors, and large consumers hedge price risks and manage volatility. It is a big push for efficiency in the power market and aligns with Indias goal of becoming a developed, energy-secure nation. Praveena Rai, MD & CEO, MCX, said: "The introduction of electricity derivatives marks a pivotal development in Indias commodities ecosystem. These contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based reforms. With Indias growing focus on renewable energy and open access power markets, electricity derivatives can serve as a vital bridge between the physical and financial sectors." MCX is India's leading commodity derivatives exchange with a market share of about 98% in terms of the value of commodity futures contracts traded in financial year 2024-25. It offers trading in a diverse range of commodities, spanning multiple segments including bullion, energy, metals and agri commodities, as well as sectoral commodity indices. On a consolidated basis, MCX's net profit rose 54.16% to Rs 135.46 crore while net sales rose 60.83% to Rs 291.33 crore in Q4 March 2025 over Q4 March 2024.
Mint
a day ago
- Business
- Mint
MCX gets Sebi approval to launch electricity derivatives
Mumbai: The Multi Commodity Exchange of India (MCX) has received approval from the Securities and Exchange Board of India (Sebi) to launch electricity derivatives, according to a regulatory filing on the BSE. These contracts—linked to the price of electricity—will allow power generators, distribution companies, and large consumers to hedge against price volatility and manage risks more effectively. 'The electricity derivatives contracts will enhance efficiency in the power market,' MCX said in its filing. The launch marks the resolution of a long-standing jurisdictional tussle over the regulation of electricity derivatives. The matter has been pending since the days of the now-defunct Forward Markets Commission (FMC), which was merged with Sebi in 2015. Under current regulatory rules, if electricity derivatives are cash-settled, they fall solely under Sebi's purview. If the contracts are compulsorily deliverable, regulatory oversight will be shared between Sebi and the Central Electricity Regulatory Commission (CERC). 'These [electricity] contracts will offer participants a reliable, transparent, and regulated platform to manage power price risks, which are becoming more dynamic due to renewables and market-based reforms,' said Praveena Rai, managing director and chief executive of MCX. Rai added that with India's growing focus on renewable energy and open access power markets, electricity derivatives could serve as a vital bridge between the physical and financial sectors. MCX said the move positions it as a 'torchbearer of innovation' in commodity trading and supports India's ambitions for sustainable energy and deeper capital markets. The exchange also called the move a step towards strengthening India's energy market ecosystem. Separately, the National Stock Exchange (NSE) disclosed in its May earnings call that it had received in-principle approval from Sebi to launch electricity derivatives as well. MCX currently commands around 98% of the commodity futures trading market in terms of value for FY25.
Business Standard
2 days ago
- Business
- Business Standard
Multi Commodity Exchange of India jumps 10% in seven days
Multi Commodity Exchange of India rallied 2.63% to Rs 7,060.95, extending gains for the seventh consecutive trading session. Shares of Multi Commodity Exchange of India surged 9.95% in seven trading sessions from its recent closing low of Rs 6421.75 on 27 May 2025. The stock hit a 52-week high of Rs 7,097.95 today. The counter has soared 121.74% from its 52-week low of Rs 3,184.40 hit on 5 June 2024. On the BSE, 0.39 lakh shares have been traded so far, compared with average daily volumes of 0.23 lakh shares in the past two weeks. The stock had outperformed the market over the past month, rising 12.7% as against the Sensex's 0.83% rise. The scrip had outperformed the market in the past three months, jumping 50.13% as against a 10.5% rise in Sensex. The counter had also outperformed the market in the past year, soaring 101.55% as against Sensex's 9.53% increase. On the technical front, the stock's daily RSI (relative strength index) stood at 74.755. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30. On the daily chart, the stock was trading above its 50-day, 100-day, and 200-day simple moving average (SMA), placed at 5,968.42, 5,716.38, and 5,861.02, respectively. These levels will act as crucial support zones in the near term. Multi Commodity Exchange of India (MCX) is Indias first listed, national-level, electronic exchange and Indias leading commodity derivatives exchange, which offers the benefits of fair price discovery and price risk management to the Indian commodity market ecosystem. The company's consolidated net profit jumped 54.2% to Rs 135.46 crore on a 60.8% rise in net sales to Rs 291.33 crore in Q4 FY25 over Q4 FY24.
Mint
12-05-2025
- Business
- Mint
Gold price today: MCX gold rate falls below ₹95,000 per 10 grams on US-China trade deal, India-Pakistan ceasefire
Gold prices on Multi Commodity Exchange of India (MCX) declined sharply on Monday, tracking a fall in international bullion prices, as optimism over US-China trade deal and India-Pakistan ceasefire improved investors' risk appetite and dented the safe-haven appeal for the yellow metal. MCX gold rate opened lower at ₹ 95,500 per 10 grams as against its previous close of ₹ 96,518. At 9:05 AM, MCX gold price was trading lower by ₹ 2,253, or 2.33%, at ₹ 94,265 per 10 grams. MCX Silver rate was trading lower by ₹ 578, or 0.60%, at ₹ 96,151 per kg. In the global markets, gold prices slipped as optimistic signals from US-China trade talks alleviated market fears, leading investors to shift from safe-haven assets towards riskier investments. Spot gold price fell 1.4% to $3,277.68 an ounce, while US gold futures lost 1.9% to $3,281.40. The US and China ended high-stakes trade talks on a positive note on Sunday, with US officials touting a 'deal' to reduce the US trade deficit, while Chinese officials said they had reached 'important consensus', Reuters reported. 'Gold prices fell sharply in morning trades across Asian markets amid signs of progress in trade talks between the US and China, along with some relief in geopolitical tensions. The dollar index trading steady above the 100 mark, the US Fed keeping interest rates unchanged and US-China trade negotiation hopes are the factors limiting gains of precious metals,' said Rahul Kalantri, VP Commodities, Mehta Equities Ltd. Meanwhile, traders are also eyeing the release of the US Consumer Price Index on Tuesday for fresh signals on the US Federal Reserve's monetary policy trajectory. According to Jigar Trivedi, Senior Research Analyst, Reliance Securities, gold prices may face further downside in the short term. The stronger dollar and subsiding geopolitical tensions are curbing investor appetite for safe-haven assets. 'Internationally, gold prices could slip toward the $3,260 – $3,240 per ounce range in the near term, barring any sudden escalation in global uncertainty. On the domestic front, MCX gold June futures could extend their decline toward ₹ 93,000 per 10 grams,' Trivedi said.
