Shares of Multi Commodity Exchange of India Ltd (MCX) today fell 5 per cent to hit its lowest trading permissible limit for the day, after index provider Morgan Stanley Capital International excluded the company from its small cap indices.
After making a weak opening, the scrip further lost 5 per cent to Rs 382.05 — its lower circuit limit on the BSE. On the NSE, the scrip fell 5 per cent to touch its lower circuit limit of Rs 381.10.
“MCX shares will be deleted from the MSCI global small cap indices with effect from Wednesday,” Morgan Stanley Capital International (MSCI) had said on Friday.
MSCI is a leading provider of benchmark indices globally.