MCX share price jumped over 4% on Wednesday after SEBI Chairman Tuhin Kanta Pandey was reported saying that the regulator was planning to enable banks and pension funds to trade in commodities. MCX shares rallied as much as 4.37% to ₹7,985.00 apiece on the BSE.
“We are planning to enable banks and pension funds to trade commodities… We will consider allowing FPI trading in non-agricultural commodities,” SEBI Chairman Pandey said in an event at the Multi Commodity Exchange of India (MCX), a report said.
At 11:37 AM, MCX share price was trading 4.37% higher at ₹7,985.00 apiece on the BSE.
(This is a developing story. More details awaited)
