MCX shares are in focus today after reports that the Pension Fund Regulatory & Development Authority (PFRDA) may soon allow trading in commodity derivatives. According to CNBC-TV18, the PFRDA board could approve trading in these derivatives in its October board meeting, following committee guidelines expected within the next 10 days.
The move will initially cover gold and silver, with the PFRDA planning to study additional commodities for potential investments. As per CNBC-TV18, PFRDA does not require approval from any other regulator to enable this trading.
This development is seen as a positive step for the commodities market, potentially boosting liquidity and investor participation. Investors are closely watching MCX shares, given their direct exposure to the commodities trading segment.
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