MCX shares rise 4% after allowing foreign investors in oil and gas derivatives

Multi Commodity Exchange Of India shares went up 4% after it allows foreign portfolio investors (FPIs) into its biggest segment, oil and gas derivatives.

The reports were confirmed that crude oil and natural gas mini options will start trading on MCX from April 23.

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As of 12:55 pm, the shares were trading 3.72% higher at ₹3,933.10.

Securities and Exchange Board of India (Sebi) had approved options in mini contracts of crude and natural gas. This move to allow foreign investors in the oil and gas derivatives segment led to a rise in Multi Commodity Exchange’s share price, reflecting positive market sentiment.