MCX Share Price Surges 7.4% to 52-Week High on June 9 After SEBI Approves Electricity Derivatives

Shares of Multi Commodity Exchange of India, or MCX, went up by about 7% on Monday, June 9, reaching a new high. This rally in the MCX shares came after the commodity bourse got approval from the Securities and Exchange Board of India (SEBI) to start trading electricity derivative contracts."The electricity derivatives contracts to be introduced by MCX will enable generators, distribution companies, and large consumers to hedge against price volatility and manage price risks more effectively by..