MCX Faces Continued Decline Amid Broader Market Weakness and Sector Underperformance

Mar 04 2025 01:25 PM IST
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Multi Commodity Exchange of India (MCX) shares have declined for seven consecutive days, resulting in a significant overall drop. The stock is currently trading below multiple moving averages, indicating a bearish trend. In the broader market, the Sensex has also opened lower and is approaching its 52-week low.
Multi Commodity Exchange of India (MCX) has experienced a notable decline today, with shares falling by 3.15%. This performance marks a continuation of a downward trend, as the stock has now seen a consecutive loss over the past seven days, resulting in a total decline of 19.59% during this period.

Today, MCX opened with a gap down of 2.2%, reaching an intraday low of Rs 4,554.90, which reflects a decrease of 3.37%. In terms of market performance, MCX has underperformed its sector by 2.84%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend.

In the broader market context, the Sensex opened lower at 72,817.34, down 268.60 points, and is currently trading at 72,927.14. The index is nearing its 52-week low and has lost 3.97% over the past three weeks. Despite the challenges faced by MCX, it has shown a positive performance over the past year, with a gain of 23.42%. However, year-to-date performance reflects a decline of 26.64%.
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