In a BSE filing made after market hours on Thursday, MCX said that the company and IEX had entered into a licensing agreement to launch Electricity derivatives linked to IEX spot electricity prices on MCX trading platform, subject to necessary approvals from the government of India and the concerned regulators.

This shall lay the groundwork for a vibrant electricity derivatives market in the country,” MCX said in a statement.

It further added that the launch of electricity derivatives shall provide an effective risk management avenue and help the value chain participants to hedge price risks and protect their revenue margins. With this India shall also join a select group of developed countries which offer electricity derivatives on an exchange platform.

MCX announced its Q2 September 2020 earnings on Wednesday, 28 October 2020. On a consolidated basis, MCX reported 18.4% decline in net profit to Rs 58.55 crore on a 12.3% rise in net sales to Rs 119.68 crore in Q2 FY20 over Q2 FY19.

EBITDA for the quarter ended 30 September 2020 decreased by 9% to Rs 83.52 crore from Rs 91.64 crore over the corresponding quarter ended 30 September 2019.

The average daily turnover of commodity futures contracts traded on the exchange increased by 10% to Rs 38,144 crore in Q2 FY 2021 from Rs 34,526 crore in the corresponding quarter of Q2 FY19-20.

MCX is engaged in facilitating trading, and clearing and settlement of commodity derivatives. It operates as a commodity futures exchange.

Powered by Capital Market - Live News

Multi-Commodity Exchange of India and Indian Energy Exchange have entered into a licensing agreement to launch Electricity derivatives linkedto IEX spot electricity prices on MCX trading platform, subject to necessary approvals from the government of India and the concerned regulators. This shall lay the groundwork for a vibrant electricity derivatives market in the country.

The launch of electricity derivatives shall provide an effective risk management avenue and help the value chain participants to hedge price risks and protect their revenue margins. With this India shallalso join a select group of developed countries which offer electricity derivatives on an exchange platform.

Powered by Capital Market - Live News

Prestige Estates Projects Ltd, Navin Fluorine International Limited, Tata Consumer Products Ltd, Page Industries Ltd are among the other stocks to see a surge in volumes on BSE today, 29 October 2020.

Multi Commodity Exchange of India Ltd registered volume of 2.68 lakh shares by 10:54 IST on BSE, a 14.13 fold spurt over two-week average daily volume of 18968 shares. The stock slipped 3.45% to Rs.1,705.25. Volumes stood at 13328 shares in the last session.

Prestige Estates Projects Ltd witnessed volume of 2.81 lakh shares by 10:54 IST on BSE, a 9.91 times surge over two-week average daily volume of 28369 shares. The stock increased 0.20% to Rs.245.10. Volumes stood at 21292 shares in the last session.

Navin Fluorine International Limited registered volume of 15380 shares by 10:54 IST on BSE, a 3.62 fold spurt over two-week average daily volume of 4248 shares. The stock rose 5.99% to Rs.2,248.40. Volumes stood at 6050 shares in the last session.

Tata Consumer Products Ltd clocked volume of 4.84 lakh shares by 10:54 IST on BSE, a 3.32 times surge over two-week average daily volume of 1.46 lakh shares. The stock gained 0.19% to Rs.493.80. Volumes stood at 2.04 lakh shares in the last session.

Page Industries Ltd saw volume of 1639 shares by 10:54 IST on BSE, a 3.25 fold spurt over two-week average daily volume of 504 shares. The stock dropped 0.48% to Rs.20,082.50. Volumes stood at 754 shares in the last session.

Powered by Capital Market - Live News

Net profit of Multi Commodity Exchange of India declined 18.40% to Rs 58.55 crore in the quarter ended September 2020 as against Rs 71.75 crore during the previous quarter ended September 2019. Sales rose 12.29% to Rs 119.68 crore in the quarter ended September 2020 as against Rs 106.58 crore during the previous quarter ended September 2019.

Powered by Capital Market - Live News