Latest news with #MultiCommodityExchangeofIndia
Business Standard
7 hours ago
- Business
- Business Standard
MCX launches Electricity Futures Contract
With effect from 10 July 2025 Multi Commodity Exchange of India announced the launch of the Electricity Futures Contract, effective from Thursday, 10 July 2025, marking a significant milestone in the development of the country's energy derivatives market. MCX believes this launch is timely, as the electricity sector is witnessing significant growth with a need to manage price stability, fluctuating demand, fuel costs, and market developments. The Electricity Futures contract will help power generators, distribution companies, large industrial consumers, and financial participants with a transparent, liquid, and reliable hedging mechanism. It will also promote investors with a widely used commodity to add to their portfolio. The new Electricity Futures Contract aims to meet the growing demand for structured electricity price risk management instruments. The contract will be available for all 12 calendar months of the year, with trading initially open for the current and next three months. The trading unit is 50 MWh, quoted in Indian Rupees per MWh (excluding taxes and levies), with a tick size of ₹1 per MWh. The contract will be cash settled based on the Volume Weighted Average of the Unconstrained Market Clearing Price (UMCP) of the Day Ahead Market (DAM) at the Indian Energy Exchange (IEX) for all calendar days in the expiry month. The contract will follow SEBI's Daily Price Limits (DPL) for market stability, with an initial slab of 6%, extendable up to 9% on a given day. The initial margin requirement is a minimum of 10% or volatility VaR based margins, whichever is higher. Client level position limits are capped at 3 lakh MWh or 5% of the market-wide open interest whichever is higher.
Mint
25-06-2025
- Business
- Mint
MCX share price jumps over 4% to record high on UBS target upgrade, strong volume outlook
MCX share price jumped over 4% on Wednesday to hit a fresh 52-week high on robust buying momentum. MCX shares rallied as much as 4.93% to a new high of ₹ 8,620.00 apiece on the BSE. The rally in Multi Commodity Exchange of India (MCX) share price followed a target price upgrade by global brokerage UBS, which cited a strong volume outlook and expanding product portfolio as key growth drivers. Since April, MCX has witnessed healthy trading activity. The average daily value (ADV) of futures has increased by approximately 50% quarter-on-quarter (QoQ), while options premium ADV has risen around 30% QoQ. 'We expect key commodities' ADV to remain strong amid volatility caused by geopolitical uncertainties' UBS said in a note. 'New products such as electricity derivatives, monthly bullion contracts and index options (in the pipeline) may further support near- to medium-term growth. Considering this, we increase FY27E-28E EPS by 13-17%, and expect a 26% earnings CAGR for FY26-28 based on operating leverage.' MCX recently launched electricity derivatives and introduced monthly silver options. UBS estimates that electricity derivatives could contribute 3–12% to revenue, conservatively assuming a 3% contribution by FY28, with potential upside. On new silver options, UBS expects good traction given the preference for near-to-expiry contracts. The brokerage firm expects new product launches to support near- to medium-term growth. At current levels, MCX share price is trading at around 42x FY27E price-to-earnings (PE). UBS noted that the market is yet to fully price in the earnings potential from new product additions and the benefits of operating leverage arising from higher trading volumes. Thus, UBS maintained its 'Buy' rating and raised MCX share price target to ₹ 10,000 apiece from ₹ 7,000 earlier. The revised MCX share price target reflects upgraded FY27E–28E EPS estimates, a higher valuation multiple of 45x (versus 40x earlier), and a roll-forward of the valuation base to the FY27E–28E average. This valuation is approximately 1.5 standard deviations above the long-term average, which UBS views as justified given the strong growth outlook and product diversification. MCX share price has delivered exceptional returns across timeframes, cementing its position as a strong market performer. The stock has surged 32% over the past month and 67% in the last three months. On a year-to-date (YTD) basis, MCX shares have gained 37%, while delivering an impressive 118% return over the past year. Over the longer term, MCX share price has generated multibagger returns — rising 450% in the last two years and delivering a staggering 600% return over the past five years. At 10:45 AM, MCX share price was trading 4.43% higher at ₹ 8,580.00 apiece on the BSE. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Upturn
20-06-2025
- Business
- Business Upturn
Stocks hitting 52-week highs today, June 20: Bharti Airtel, Bharat Electronics, Hyundai Motor India, Aditya Birla Capital and more
By Aman Shukla Published on June 20, 2025, 15:53 IST Indian equity markets wrapped up the trading session on a strong note on Thursday, June 20. The Nifty 50 crossed 25,000, closing at 25,112.40, up 319.15 points (1.29%). The BSE Sensex followed suit, rallying 1,046.30 points (1.29%) to settle at 82,408.17. Amid the broader market surge, several stocks scaled new 52-week highs, signaling bullish momentum and strong investor sentiment. Here's a look at some of the notable names that hit their 52-week high today: Stocks That Hit 52-Week Highs on June 20 Company Market Price Change (%) 52-Week High Multi Commodity Exchange of India ₹8,085.00 +4.14% ₹8,107.50 Authum Investment & Infrastructure ₹2,587.90 +1.49% ₹2,597.00 Bharat Electronics ₹408.25 +2.43% ₹410.00 Bharti Airtel ₹1,936.70 +3.18% ₹1,949.00 Max Financial Services ₹1,595.30 +1.21% ₹1,609.00 Aditya Birla Capital ₹260.28 +1.80% ₹263.00 Hyundai Motor India ₹2,006.20 +5.15% ₹2,048.10 ITD Cementation India ₹805.95 -0.35% ₹838.50 Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
20-06-2025
- Business
- Business Standard
MCX hits new high, surges 27% in 1 month; what's behind the stock rally?
Shares of Multi Commodity Exchange of India (MCX) hit an all-time high of ₹8,068.95, gaining 4 per cent on the BSE in Friday's intra-day trade. The stock price of India's leading Commodity Derivatives Exchange has surpassed its previous high of ₹8,033.30 touched on June 10, 2025. Thus far in the month of June, it has rallied 22 per cent. In the past month, MCX has outperformed the market by surging 27 per cent, as compared to a 1.2 per cent rise in the BSE Sensex. In the past year, the market price of MCX zoomed 110 per cent, as against a 6 per cent gain in the benchmark index. What's driving MCX stock price? MCX's key growth drivers include new product launches, futures and options; continued volatility in key commodity prices (gold, crude oil, and natural gas) amid global uncertainties; and sustained growth momentum in retail participation in the options market, according to the analysts. On June 6, 2025, MCX 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, MCX said. Track LIVE Stock Market Updates Today 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',' MCX said in an exchange filing. ICICI Securities' view on MCX MCX, since the start of the financial year 2025-26 (FY26), has witnessed a surge in options/futures volumes. For the combined timeframe of April/May 2025, the options' notional average daily turnover value (ADTV) stood at ₹2.56 trillion (up 34 per cent versus FY25 notional ADTV). Options Premium ADTV stood at ₹4,130 crore (up 33 per cent versus FY25 premium ADTV). Futures ADTV stood at ₹40,700 crore (up 50.5 per cent versus FY25 futures ADTV). The majority increase in volumes was driven by a strong surge in gold volumes, where notional/premium/futures ADTV increased 218 per cent/283 per cent/161 per cent in the first two months of FY26 versus FY25. This strong surge in gold volumes stemmed primarily from the modification in gold options contracts to monthly expiry contracts (prior bi-monthly) effective November 11, 2024. Momentum seen in April/May 2025 continued in the first two weeks of June. Passage of key regulations such as the New Equity Derivatives Framework in November 2024, the New Risk monitoring Framework for Equity Derivatives in May and finalisation of expiry for equity derivatives in June, imply a stable outlook ahead for exchanges, the brokerage firm said. About MCX MCX, operational since 2003, is India's leading commodity derivatives exchange with a market share of about 98 per cent in terms of the value of commodity futures contracts traded in the financial year 2024-25. With pan-Indian presence, MCX serves as a dynamic platform for the Indian commodity market ecosystem, offering dual advantages of fair price discovery and efficient risk management. 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.
Mint
16-06-2025
- Business
- Mint
Crude oil prices trade higher as Israel-Iran war intensifies; MCX crude above ₹6,300 level
Crude oil prices on the Multi Commodity Exchange of India (MCX) opened higher on Monday, extending their rally, as the heightened tensions in the Middle East due to the intensifying Israel-Iran war increased concerns of disruption in oil exports. MCX crude oil prices opened higher at ₹ 6,343 per barrel as against their previous close of ₹ 6,285. At 9:15 AM, the MCX crude oil rate was up 1.05% at ₹ 6,351 per barrel. On Friday, MCX crude oil prices jumped 7.77%. In the international market, Brent crude futures rose 0.82% to $74.84 a barrel, while US West Texas Intermediate crude futures gained 0.99% to $73.70. They had surged more than $4 earlier in the session. Both benchmarks settled 7% higher on Friday, after witnessing a 13% rise during the session to their highest levels since January. Israel and Iran are caught up in a conflict, with Israel striking the capital Tehran on Sunday. Iran, in turn, has launched several waves of drones and missiles. Early on Monday, Israel's air force attacked sites in central Iran with surface-to-surface missiles. 'Crude oil futures extended gains for a second straight session as rising tensions between Israel and Iran stoked fears of potential supply disruptions from the Middle East. Geopolitical risks were further compounded by uncertainty around US trade policy, with President Donald Trump signalling upcoming tariff decisions, while the status of the US-China trade framework remains unclear,' said Jigar Trivedi, Senior Research Analyst at Reliance Securities. Recent developments have heightened concerns over potential disruptions to the Strait of Hormuz, a critical maritime chokepoint for global energy supplies. Approximately one-fifth of the world's total oil consumption — equivalent to around 18 to 19 million barrels per day (bpd) of crude oil, condensates, and refined fuels — flows through this strategic corridor. While markets are closely monitoring the potential impact on Iranian oil production, analysts believe escalating concerns over a possible blockade of the Strait of Hormuz could trigger a sharp surge in oil prices. Iran is a member of the Organisation of the Petroleum Exporting Countries (OPEC) and currently produces approximately 3.3 million barrels per day (bpd) and exports over 2 million bpd of crude oil and refined products. According to analysts and OPEC observers, the spare production capacity of OPEC and its allies — including Russia — is roughly equal to Iran's output, potentially offering a buffer against any major supply disruptions. Rahul Kalantri, VP Commodities, Mehta Equities, expects crude oil prices to remain volatile, with support seen at $71.40 - $70.50 and resistance at $73.10 - $74.00 in today's session. 'MCX crude oil has support at ₹ 6,190 - ₹ 6,130, while resistance is at ₹ 6,370 - ₹ 6,450,' Kalantri said. According to Jigar Trivedi, MCX crude oil June futures are expected to remain bullish, with immediate support seen near ₹ 6,250 per barrel.
