The country’s newest stock exchange MCX-SX attracted a muted response on the second day of trade in equities and equity derivatives today, although the total trade volume rose to about Rs 22 crore.

MCX-SX, which started trade with shares of 1,116 companies in its capital market segment yesterday, had registered a turnover of Rs 12.53 crore on the first day.

Although, the total traded value in equities and equity derivatives rose to Rs 21.99 crore on the second day today, it was dismal when compared to its well-established rivals like NSE and BSE.

The exchange recorded total trade value of Rs 28 lakh through 319 trades. In the equity derivatives segment, the bourse recorded a total of 705 trades worth about Rs 20.71 crore.

At NSE, a total of 53.8 lakh trades were recorded in the equity segment for a collective value of over Rs 10,000 crore.

The total turnover in NSE’s equity derivatives segment was over Rs 88,000 crore during the day.

The other national bourse BSE saw more than 12 lakh trades in the equity market with a total turnover of Rs 1,972 crore, while its equity derivatives segment recorded more than 9,000 trades worth over Rs 10,000 crore.

Yesterday, MCX-SX had recorded 710 trades in equity segment for a total value of Rs 69 lakh, while equity derivatives market saw 529 trades for Rs 11.84 crore.

At the close of trade today, NTPC emerged as the top gainer as its shares surged 5.26 per cent to Rs 150, while RIL rose by 0.70 per cent to Rs 876.35 at MCX-SX.

The list of losers was topped by Coal India which lost 8.41 per cent to Rs 310, while Reliance Capital slipped 8.25 per cent to Rs 421.

The volume chart was led by NHPC, RIL, NTPC, while value chart was topped by RIL, NHPC and Infosys.

MCX-SX’s benchmark index SX 40 index is yet to commence trading and may go live in about a fortnight.

Constituents of SX40 include ACC, Bharti Airtel, Infosys, ITC, RIL and Tata Steel. However, the index does not have country’s largest bank SBI (present in both BSE Sensex and NSE Nifty).

MCX-SX has been set up by Financial Technologies and its group company MCX, the country’s largest commodity bourse.

Shares of Financial Technologies fell 1.89 per cent to Rs 991.40, while MCX stock closed 3.88 per cent lower at Rs 1,277.85 today.

(This article was published on February 12, 2013)
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