The new MCX stock exchange intends to take on the country's two most popularly traded equity indices, the Sensex-30 and the Nifty-50, with its benchmark SX-40.
It will select top stocks from the BSE and the National Stock Exchange to create the SX-40. The stock will be traded on MCX-SX when the exchange inaugurates multiple asset trading on its platform on Diwali.
The Sensex and Nifty are recognised globally, with the latter comprising exchange-traded funds, exchange-traded futures and options, other index funds and over-the-counter derivatives.
The Sensex is listed on the Eurex platform, one of Europe's largest derivative market places. Trading in both the Nifty and Sensex together generates a little over two-thirds of the volumes in India's equity derivative market.
MCX-SX is currently on a membership drive and is conducting road shows in different cities. It has been MCX-SX's strategy to position itself as a premium bourse, by keeping its pricing structure lower than NSE and higher than BSE.
It has followed the same strategy with its index, by having 40 shares in it. This barometer index would comprise stocks based on liquidity and non-promoter market value, among other factors. Via
The Sensex and Nifty are recognised globally, with the latter comprising exchange-traded funds, exchange-traded futures and options, other index funds and over-the-counter derivatives.
The Sensex is listed on the Eurex platform, one of Europe's largest derivative market places. Trading in both the Nifty and Sensex together generates a little over two-thirds of the volumes in India's equity derivative market.
MCX-SX is currently on a membership drive and is conducting road shows in different cities. It has been MCX-SX's strategy to position itself as a premium bourse, by keeping its pricing structure lower than NSE and higher than BSE.
It has followed the same strategy with its index, by having 40 shares in it. This barometer index would comprise stocks based on liquidity and non-promoter market value, among other factors. Via
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1 comments:
you have good information about about MCX .I like this blog and good information you have shared. thanks for sharing.