MCX-SX index SX40 goes live, Reliance Industries, Suzlon shares lead volume chart
The MCX-SX benchmark index SX40 went live with its equity trading platform on both equities and equity derivatives today - Reliance Industries, Suzlon shares got spotlighted on MCX Stock Exchange launch.
MCX-SX became the third full-fledged equity bourse after BSE and NSE in the country. The bourse was formally launched by Finance Minister P Chidambaram on Saturday.
SX40 is a free-float based index of large-cap and liquid stocks, representing diverse sectors. The base value will be 10,000 with a base date of March 31, 2010, the exchange had said.
At 1100 hrs, Reliance Industries, Suzlon and NHPC were leading the volume chart, while the value chart was being led by RIL, SBI, Tata Steel and Reliance Capital.
Inventure Growth & Securities was the top gainer among the stocks traded. The stock was trading at Rs 9.9, up 1.54 per cent. NTPC was up 1.28 per cent at Rs 149.95, while HDFC Bank rose by 1.07 per cent to Rs 657.
However, ACC was trading lower by 1.13 per cent at Rs 1,289, while Tata Steel fell by 0.37 per cent to Rs 386.
The constituents of SX40 include ACC, ONGC, RIL, Tata Motors, TCS, Coal India, among others.
The benchmark includes companies that have a minimum free float of 10 per cent and is within the top 100 liquid companies.
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