MCX s total income for the quarter ended March 2024 came in at Rs 153.83 crore, up 29.6 percent on-year. Sequentially, however, it saw a decline of around 5 percent.
Shares of ICICI Prudential Life Insurance Company plummeted 6.74 per cent to hit a low of Rs 553.15. Analysts largely have price targets in the range of Rs 590-700 for this stock.
The recent glitch is the first incidence of a major technical issue after MCX finally migrated to TCS platform in December. With trading stopped for over four hours now, the exchange could be liable to pay a hefty fee as mandated by market regulator SEBI
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When the stock prices move up and open interest on the counter also moves upward, it is taken as a sign of a long buildup. The signal is considered more reliable if the volume on the counter has also seen an increase.