The share price of Multi Commodity Exchange of India ( MCX ) jumped nearly 4% on Monday as it launched a new series of options contracts on its bullion index – MCX BULLDEX. The launch comes at a time when market participants expect near-term volatility in these commodities after the sharp rally seen recently.

The MCX stock settled 3.5% higher at Rs 9,319.50 after hitting an intraday high of Rs 9,335. Praveena Rai, MD & CEO, MCX, said the introduction of options marks a pivotal development in India’s commodities ecosystem. “This is a unique and innovative product which will enhance the range of products in the commodity derivatives ecosystem and assist market participants to take exposure to a basket of commodities in the bullion segment,” Rai said.

MCX iCOMDEX Bullion Index (MCXBULLDE

See Full Page