Shares of Multi Commodity Exchange of India (MCX) surged nearly 4% in Tuesday’s session, hitting ₹7,920.50, after reports suggested that the Securities and Exchange Board of India (SEBI) is weighing a proposal to allow foreign portfolio investors (FPIs) to trade in non-agricultural commodities on the platform.
According to Bloomberg, if SEBI goes ahead with the move, it could significantly boost international participation in MCX’s markets. The inclusion of FPIs in trading non-agri commodities like metals and energy is expected to enhance liquidity and expand trading volumes.
Investors are closely watching the regulatory developments, as this step could make India’s commodity markets more globally integrated and further strengthen MCX’s position as the country’s leading commodity derivatives exchange.
At the time of writing, MCX shares were up 3.60% or ₹275.00 from the previous close of ₹7,645.50. The stock hit an intraday high of ₹7,970.00 and carries a market capitalisation of ₹4.03 lakh crore.
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