Read more about MCX Board approves contract to TCS for implementation of commodity derivatives platform on Business Standard. At meeting held on 04 February 2021
Multi Commodity Exchange of India - Lower turnover impacted operating performance - Q3FY21 - ICICI Securities
Posted On: 2021-01-24 22:17:53 (Time Zone: Arizona, USA)
Positive developments for MCX include option pricing, but most of the growth optionalities (momentum in option pricing, introduction of cross-margin facilities for indices, incorporation of Indian commodity refiners, bank participation) remain on slow track. Near-term triggers would be reduction in crude margins further from 50% currently to ~25% while increasing the upfront margin regulations will be an overhang. In the medium term, it is likely that earnings will remain dependent largely on the volume of primary commodity futures.
Apollo Hospitals, Gland Pharma, Crompton Greaves, L&T Finance, Oberoi Realty and Indian Bank are some of the companies which will announce their Q3 results today.
Read more about Sensex, Nifty hover near day s low; breadth weak on Business Standard. At 12:27 IST, the barometer index, the S&P BSE Sensex, was down 330.40 points or 0.67% at 49,294.11. The Nifty 50 index slipped 87.35 points or 0.6% at 14,503.