MCX-SX : Jignesh Shah created

Refer from - http://moneycontrol.com

The country's newest stock exchange MCX-SX's name is going to change soon. Jignesh Shah created, the name of the Exchange Jignesh Shah has decided to do away with. According to sources, the MCX-SX Board Exchange Market regulator SEBI has sent a proposal for two new names.

Sources of the MCX-SX board has agreed on two new names. Multi Commodity Exchange MCX-SX board plans to rid the image of the brand. So MCX-SX behalf of the Board of the New Age Stock Exchange and the International Stock Exchange is expected to put the seal on a name.

According to sources, the MCX-SX may shift its head office and servers. Bandar-Kurla Complex to Andheri rates may shift. From the MCX-SX will also recruit new employees. MCX-SX is planned to raise up to Rs 500 crore.

MCX Free Tips...

Continue

Zinc, copper, and Indian Rupee has just up and downs in global market...

RAW material key auto components used in making zinc prices may rise in the coming months. Experts believe that just 3 months, the price of zinc can live between 145-150 per kg. If that happens, small and medium enterprises that make auto parts 4 to 5 per cent of the profit margin is expected to decline.

Zinc October contract on the London Metal Exchange rose 0.4 percent to $ 2315.75 is reached.

MCX Zinc July future are batter condition. Zinc rose by 0.07% and trade at Rs 137.35. 

Copper degrade to 0.13% and trade at Rs 429.15 

 

Today rupee are open boneless. Rupee open week at 4 pesa. Today if compare rupee to dollar then the rupee opened at 60.12 per dollar at 60.16 against dollar. RBI Ref rate “1$ = Rs 60.14”

Continue

Market hadline today: MCX Gold August future and MCX Silver Septamber future

Decline in crude oil prices is positive for the market. Additionally, the monsoon has been better and also good indications of the domestic economy. RBI has given a big relief to the infrastructure sector. Banks are also concessions.

Today commodity market open at mixed position. Some product are open profitable or some are not profitable. Despite a weaker rupee in the domestic market is gold and silver fade. But MCX Gold is recover and the price is at Rs 27696. 0.17% move above gold and but MCX silver is also idling today and trading at Rs 44764 with 0.20% declined. MCX crude oil is batter position on today. It move above 0.93% and trade at Rs 6053.

 commodity trading tips......

Continue