MCX shares gain 5% after SEBI looks towards banks, insurers for commodity derivatives participation

Shares of Multi Commodity Exchange of India Ltd. (MCX) gained nearly 5% on Monday, December 22, after the SEBI chief's comments over the weekend on commodity derivatives.

Tuhin Kanta Pandey, the chairman of the Securities and Exchange Board of India (SEBI), on Saturday, December 20, said the market regulator is looking at banks and insurers' participation in commodity derivatives and is in talks with the Reserve Bank of India (RBI) and the Insurance Regulatory and Development Authority of India (IRDAI) for the same.

The SEBI chief said the market regulator is setting up expert working groups to deepen agriculture and commodity derivatives.

SEBI is also engaging with the GST Council to resolve GST issues in commodity trading. The SEBI chief said GST hurdles impact the delivery and settlement on the exchange platforms and resolving these issues is key to boost agriculture and non-agriculture commodities, including gold.

GST clarity will help deepen physical delivery and improve market liquidity, he added.

Recently, MCX CEO Praveena Rai told CNBC-TV18 that the company is growing at 40% on the operating revenue side and 50% on the earnings before interest, tax, depreciation and amortisation (EBITDA) side. The company's aim is to be capable of processing 10 billion orders per day, Rai added.

MCX shares were up 4.9% ₹10,808 apiece. The stock crossed the ₹10,000 mark on November 26, 2025

. The stock has gained 71.9% this year, so far.

Also Read: Kajaria Ceramics shares in focus after CFO of subsidiary accused of ₹20 crore fraud