Page 66 - Multi Commodity Exchange News Today

Shares of Multi Commodity Exchange of India (MCX) plummeted 12.5% after a delay in the delivery of trading software by Tata Consultancy Services (TCS) forced MCX to continue using its existing vendor, 63 Moons Technologies. MCX had hired TCS to replace the software provided by 63 Moons, but the transition has been postponed several times. The shift to the new platform is now expected to occur in June 2023. Despite the delay, analysts believe that once the transition is complete, MCXs operating p...

Meanwhile, shares of MCX slipped 12 per cent to Rs 1,437 on the BSE.

MCX's transition to the TCS-run platform has been delayed, despite the company assuring analysts and its investors that the transition would take place by end-June

The domestic indices were up led by gains in technology, consumer durables, banks and financials. The 30-share BSE Sensex pack rose 501 points or 0.78 per cent to hit an all-time high of 64,415, while the broader NSE Nifty moved 137 points or 0.72 per cent up to trade at its lifetime peak of 19,108.

Ketan Shivji Vikamsey, Mrugank Madhukar Paranjape, Rajesh Kumar Dubey, and Dharmendra Singh Shekhawat appointed as the new Director on the Central Board of the Bank.

The Golden Crossover pattern is a bullish signal in which a stocks short-term moving average crosses above its long-term moving average. This pattern indicates a potential uptrend and presents a buying opportunity for investors. ETMarkets has identified 10 stocks that recently exhibited the Golden Crossover pattern, including BSE, Graphite India, and Honeywell Automation India.

Shares of MCX tumbled nearly 9 per cent on Friday after the commodity exchange extended its software support contract with 63 Moons Technologies for a higher fee.

Gold rate today: 10 grams of 24-carat gold was priced at Rs 58,960.

Get latest articles and stories on Latest News at LatestLY. Commodity exchange MCX has decided to extend its software support contract with 63 moons technologies, the former promoter of the bourse, after repeatedly failing to transition to a new trading platform within stipulated deadlines. Latest News | MCX Extends Software Support Contract with 63 Moons Again.

The price of gold and silver on the morning of June 29 were at Rs 54,405 per 10 grams and Rs 71,900 per kg respectively, according to GoodReturns.