MCX shares rise 2% as JPMorgan upgrades, raises target price after this Sebi proposal

August 12, 2026

Shares of Multi Commodity Exchange (MCX) rose more than 2% after Sebi proposed widening foreign portfolio investors’ access to physically settled non-agricultural commodity derivatives. JPMorgan upgraded MCX to ‘Overweight ’, and Jefferies retained a ‘Buy’ rating, citing the potential for higher trading volumes and earnings.

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