MCX slumps after MSCI excludes shares from small cap indices

MUMBAI: Shares of the Multi Commodity Exchange of India ( MCX) today fell by 5 per cent, to hit its lowest trading permissible limit for the day, after index provider Morgan Stanley Capital International excluded the company from its small cap indices.

After making a weak opening, shares of the company further lost 5 per cent to Rs 382.05 -- its lower circuit limit on the BSE.

At the NSE, the scrip fell by 5 per cent to touch its lower circuit limit of Rs 381.1.

"MCX shares will be deleted from the MSCI global small cap indices with effect from Wednesday," Morgan Stanley Capital International (MSCI) had said on Friday.

MSCI is a leading provider of benchmark indices globally. In the broader market, the BSE benchmark Sensex was trading lower by 294.64 points to 19,432.63.