MCX gains 6% on reports of new equity index

NEW DELHI: The Multi Commodity Exchange ( MCX) surged over 6 per cent in closing trade on Thursday on reports that MCX-SX is planning its new barometer index, which would comprise 40 top stocks based on liquidity and non-promoter market value, among other factors.

"To be called 'SX-40', the new flagship index of MCX-SX ( MCX Stock Exchange) would compete with other benchmark indices like BSE's 30-share Sensex and NSE’s 50-stock Nifty," PTI reported.

At 03:20 pm, MCX was trading 5.6 per cent higher at Rs 1257. It has hit a high of Rs 1260 and a low of Rs 1199 today.

Financial Technologies was trading 4.2 per cent higher at Rs 912.10. It has hit a high of Rs 918.80 and a low of Rs 870.55 today.