MCX Shows Resilience Amid Broader Market Bearish Sentiment and Mixed Moving Averages

Multi Commodity Exchange of India (MCX) has shown significant activity today, gaining 3.74% as of March 17, 2025. The stock has outperformed its sector by 2.81%, marking a notable trend as it has experienced consecutive gains over the last four days, accumulating a total return of 9.93% during this period. The stock reached an intraday high of Rs 4962.8, reflecting a rise of 3.78%.
In terms of moving averages, MCX is currently positioned higher than its 5-day moving average but remains below its 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a mixed performance in the short to medium term.

Looking at broader market trends, the Sensex has risen by 509.24 points to reach 74,339.27, reflecting a 0.69% increase after a flat opening. However, the Sensex is trading below its 50-day moving average, which is also below the 200-day moving average, suggesting a bearish sentiment in the market overall. In contrast, MCX's performance over various time frames shows resilience, particularly with a 53.41% increase over the past year, significantly outpacing the Sensex's 2.36% gain.