Multi Commodity Exchange of India Ltd Share Price – NSE  / BSE

Financial Services, Small Cap

Multi Commodity Exchange of India (MCX) announced that it has received approval from the Securities and Exchange Board of India (SEBI) to invest in a proposed Coal Exchange company. This marks MCX's significant commitment into the energy sector and deepening commodity ecosystem. With highly liquid derivatives contracts on crude oil, natural gas and the launch last year of its electricity futures contract, the foray into coal via the new entity, will make MCX's energy presence comprehensive. It is aimed at developing a regulated, transparent, technology-driven market platform for buying and selling coal that facilitates an efficient and robust price discovery for coal in the country.

Pursuant to SEBI's approval granted on 17 April 2026, MCX plans to incorporate a new subsidiary, likely to be named 'MCX Coal Exchange' or 'MCX Coal Exchange of India.'

The exchange plans to incorporate a wholly owned subsidiary, likely to be named MCX Coal Exchange or MCX Coal Exchange of India, following SEBI?s approval granted on 17 April 2026.

The proposed entity will focus on developing a regulated, transparent and technology-driven platform for buying and selling coal, aimed at enabling efficient price discovery in the domestic market.

MCX said it will initially hold a 100% stake in the subsidiary, with the option to induct strategic partners at a later stage. The company has committed to invest up to Rs 100 crore to meet the minimum net worth requirements outlined in the draft Coal Exchange Rules.

The platform is expected to offer a standardized digital marketplace for physical delivery of coal at market-driven prices.

With existing derivatives contracts in crude oil, natural gas and electricity futures, the move is expected to strengthen MCX?s presence in the energy segment and broaden its commodity offerings.

The newly incorporated subsidiary will apply to the Coal Controller Organisation of India for necessary approvals as and when the regulatory framework is notified.

MCX is India's largest commodity derivatives exchange, with around 98% market share in commodity futures. 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.

The company reported 150.63% year-on-year (YoY) surge in consolidated net profit to Rs 401.12 crore in Q3 FY26, compared with Rs 160.04 crore in Q3 FY25. Income from operations jumped 120.85% YoY to Rs 665.62 crore for the quarter ended 31 December 2025.

The broker said MCX?s business model benefits from elevated commodity price volatility since the outbreak of the Iran war. Noting that exchange volumes typically rise with a heightened volatility in commodity prices, the bourse is well-positioned as broader decline in Indian equities. Analysts expect strong revenue growth in the current risk-off sentiment.

MCX is India's largest commodity derivatives exchange, with around 98% market share in commodity futures. 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.

The company reported 150.63% year-on-year (YoY) surge in consolidated net profit to Rs 401.12 crore in Q3 FY26, compared with Rs 160.04 crore in Q3 FY25. Income from operations jumped 120.85% YoY to Rs 665.62 crore for the quarter ended 31 December 2025.

The key equity indices traded with sharply lower in early afternoon deals, as profit booking intensified amid rising geopolitical tensions and uncertainty over global growth prospects. Traders adopted a risk-off stance, leading to broad-based selling across sectors. Investors are also closely monitoring developments at the AI Summit 2026 in Delhi.

Auto shares tumbled after advancing in the past two trading sessions.

At 12:25 PM ST, the barometer index, the S&P BSE Sensex fell 666.46 points or 0.80% to 83,050.26. The Nifty 50 index declined 200.20 points or 0.76% to 25,621.35.

In the broader market, the BSE 150 MidCap Index fell 0.68% and the BSE 250 SmallCap Index dropped 0.46%.

The market breadth was positive. On the BSE, 1,471 shares rose and 2,413 shares fell. A total of 217 shares were unchanged.

India AI Impact Summit 2026

Prime Minister Narendra Modi announced the MANAV Vision for AI. He denotes MANAV as M: moral and ethical system, A: accountable of governance, N: national sovereignity (right to data), A: accessible and inclusive, V: valied and legitimate.

Apart from PM Modi, key business and tech stalwarts like Mukesh Ambani, Sam Altman, and Sundar Pichai also addressed keynote sessions. French President Emmanuel Macron also addressed in the Delhi AI Summit.

Tata Sons Chairperson N Chandrasekaran stated that he wanted to thank the vision of our Prime minister, which made it possible for us to make a serious foray into chips and semiconductors. What we will do next is to build chips that are very domain centric, which will be totally AI optimised. for every industry, and we will first launch or work towards getting it ready for the automotive sector.

Derivatives:

The NSE's India VIX, a gauge of the market's expectation of volatility over the near term, jumped 9.18% to 13.35. The Nifty 24 February 2026 futures were trading at 25,627, at a premium of 5.65 points as compared with the spot at 25,621.35.

The Nifty option chain for the 24 February 2026 expiry showed a maximum call OI of 1.75 crore contracts at the 25,800 strike price. Maximum put OI of 86.5 lakh contracts was seen at the 25,000 strike price.

Buzzing Index:

The Nifty Auto index declined 1.11% to 28,013.50. The index jumped 1.07% in the past two consecutive trading sessions.

Mahindra & Mahindra (down 1.93%), Hero MotoCorp (down 1.69%), Samvardhana Motherson International (down 1.52%), Bajaj Auto (down 1.02%) and Exide Industries (down 0.95%), Ashok Leyland (down 0.65%), Bharat Forge (down 0.47%), Bosch (down 0.38%), Eicher Motors (down 0.37%) and Tata Motors Passenger Vehicles (down 0.3%) declined.

Stocks in Spotlight:

Multi Commodity Exchange of India (MCX) gained 3.15% after the exchange announced withdrawal of additional margins imposed on gold and silver futures contracts with effect from 19 February 2026.

Dr. Reddy?s Laboratories rose 0.41%. The company said that it has entered into a definitive agreement with Mercury Pharma Group (MPGL) to acquire its trademarks, Progynova and Cyclo Progynova and related assets for India.

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