MCX shines like 'bullion'
By
Research Desk
about 10 years ago
MCX is in the limelight today morning; the stock opened higher at Rs.495.45 and went to an intra day high at Rs.504.50 and it is currently at Rs.501.45.
The stock is up in the green on news that the Bombay Bullion Association (BBA) is looking at a 5% stake in MCX, under Universal Commodity Exchange and is a making a consortium to take 10% stake. BBA is stated to now writing to the Forward Markets Commission to acquire more than 5% stake and has already submitted a formal letter of intent.