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MCX

NSE
6,266.5 INR
138.5
2.26%
Last update May 2, 3:29 PM IST
Market closed
Day range
6,151
6,417
Previous close
6,128
Open
6,151
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Multi Commodity Exchange of India Ltd.
6,266.50
138.50
2.26%

Overview

Description

Multi Commodity Exchange of India Ltd. is a commodity exchange based in India, providing a platform for trading various commodity derivatives. Launched in 2003, its primary function is to enable the trading of commodities futures, which are contracts to buy or sell specific quantities of a commodity at a predetermined price on a future date. The exchange facilitates price discovery and risk management for investors, businesses, and traders involved in sectors like agriculture, metals, and energy. MCX is notable for its extensive commodity offering, including precious metals like gold and silver, base metals such as copper and aluminum, and energy products like crude oil and natural gas. These contracts play a crucial role in hedging against price volatility, providing market participants with tools to manage financial risks associated with commodity price fluctuations. Regulated by the Securities and Exchange Board of India (SEBI), MCX stands as a pivotal component in the Indian financial markets, contributing to the country’s economic stability and growth by fostering transparency and efficient trading in commodities. It also supports the economic well-being of sectors dependent on commodity supply chains, ensuring they can effectively plan and budget their operations around stable pricing structures.

About

CEO
Mr. Praveena Rai
Employees
355
Address
Exchange Square
Suren Road Chakala Andheri (East)
Mumbai, 400093
Phone
91 22 6731 8888
Website
Instrument type
Common stock
Sector
Financial Services
Industry
Financial Data & Stock Exchanges
Country
India
MIC code
XNSE
Market closed

Exchange is currently closed
Main market opens in 2 days 16 hours 13 minutes

17:01
00:00
09:15
15:30
23:59

Trading Hours (Sunday - Thursday):

Main market
09:15 - 15:30
All times are displayed in the Asia/Kolkata timezone (IST, UTC+05:30).