Multi Commodity Exchange of India Limited has secured Securities and Exchange Board of India approval to launch a coal exchange subsidiary, marking a strategic push into energy markets. The move aims to create a transparent, tech-driven platform for coal trading, enhancing price discovery and expanding MCX’s commodity ecosystem presence.

India’s capital markets stocks delivered strong gains in FY26, with the Nifty Capital Markets Index rising 35%, making it the second-best performing sector after PSU banks. Multi Commodity Exchange of India led the rally with a 143% surge, while brokerages, exchanges, and wealth management firms benefited from rising investor participation.

… the Multi Commodity Exchange of India (MCX) surged sharply on Friday … ( UAE ), as well as in Doha and Riyadh, hours after Israel and … as “major combat operations” against Iran . The escalating geopolitical conflict is …

Indian share benchmarks ended a three-day winning run on Thursday, tracking a global selloff in information technology and metal stocks, while optimism over the U.S. trade deal moderated. The Nifty 50 closed 0.52% lower at 25,642.8, while the BSE Sensex lost 0.6% to 83,313.93. Fourteen of 16 major sectors logged losses. The broader small-caps and mid-caps fell 1.3% and 0.3%, respectively. Heavyweight financials lost 0.4% and Reliance Industries fell 0.9%, after jumping about 4% and 8%, respectively, in the last three sessions. “We are witnessing profit booking after the jump post-U.S. trade deal. But the outlook is constructive as foreign flows look to be improving. This is reflected in Wednesday’s FPI number as they were net buyers even when the IT index was down 6%,” said Pankaj Pandey, head of retail research at ICICI Securities. IT stocks dropped 0.6%, extending Wednesday’s 6% slump, as concerns over artificial intelligence-driven disruption kept investor sentiment subdued towards software companies. “Redirection of clients’ tech budgets towards AI spends may lead to near-term headwinds for IT software and services companies fighting for the same pie,” said Sorbh Gupta, head of equity at Bajaj Finserv Asset Management.

Stocks such as Selan Exploration, CDSL, TCS and CAMS are on the breakout radar with upside potential, say analysts.

SEBI’s push for wider participation in commodity markets is seen as a potential game changer for MCX.

Stocks like MCX and Windlas Biotech are showing strong technical momentum, according to analysts.

Analyst sees a ₹12,000 long-term target but warns of short-term volatility.

Retail sentiment on Nifty moved from bearish to neutral on Stocktwits, signaling improving confidence. An analyst believes a breakout above 24,980 is likely if momentum sustains above 24,800.