Multi Commodity Exchange of India Ltd Falls 5.74%: 5 Key Factors Driving the Weekly Decline

2 February 2026: Intraday Recovery and High-Value Trading Amid Volatility

MCX opened the week with a sharp decline, falling 8.02% to Rs.2,322.40, underperforming the Sensex’s 1.03% drop. Despite this, the stock staged a remarkable intraday recovery, surging 5.15% to an intraday high of Rs.2,337.10, closing the day at Rs.2,322.40. This rebound was supported by robust trading volumes exceeding 3.67 lakh shares and a traded value surpassing ₹490 crore, signalling strong investor interest despite initial selling pressure.

Technically, MCX remained above its 50-day, 100-day, and 200-day moving averages, indicating medium- to long-term strength, though short-term resistance was evident below the 5-day and 20-day averages. The stock’s resilience amid a recovering Sensex suggested underlying confidence in its fundamentals.

3 February 2026: Gap Up and Intraday High with Upgraded Outlook

MCX opened sharply higher by 7.65% at Rs.2,500, continuing its momentum to reach an intraday peak of Rs.2,554.60, a 10% rise from the previous close. The stock closed with a strong gain of 5.35%, outperforming the Sensex’s 2.60% rise and the Finance/NBFC sector’s 3.86% advance. This surge was accompanied by exceptional trading volumes of over 5 million shares and a traded value exceeding ₹12,500 crore, underscoring significant institutional participation.

The strong technical positioning above all key moving averages and the upgrade to a “Strong Buy” Mojo Grade with a score of 82.0 reflected growing market confidence. MCX’s inclusion in MarketsMOJO’s Momentumnow Stocks and Reliable Performers thematic lists further reinforced its leadership within the capital markets sector.

4 February 2026: Sustained Momentum and Institutional Accumulation

MCX extended its gains on 4 February, rising 4.46% to close at Rs.2,544.05, outperforming the Sensex’s modest 0.37% increase. The stock traded with strong volumes of 3.56 lakh shares and a traded value of ₹275.87 crore, reflecting continued institutional interest. Delivery volumes surged by over 56% compared to the five-day average, signalling accumulation by long-term investors.

Technically, MCX traded comfortably above all major moving averages, confirming a sustained uptrend. The stock’s three-day rally delivered a cumulative return of 10.87%, underscoring robust buying momentum amid a broadly positive capital markets sector.

5 February 2026: Intraday Low and Profit-Taking Pressure

After three consecutive days of gains, MCX faced profit-taking pressures on 5 February, declining 5.17% to close at Rs.2,412.50. The stock hit an intraday low of Rs.2,412, down 5.19% from the prior close, underperforming the Sensex’s 0.48% fall. Despite the setback, trading volumes remained elevated at nearly 3 lakh shares with a traded value exceeding ₹247 crore, indicating active investor participation amid volatility.

Delivery volumes dropped sharply by 60%, suggesting a shift from long-term holding to short-term trading. The stock’s technical position remained above key moving averages, but the dip below the 5-day average reflected short-term selling pressure. This correction followed a strong rally, representing a natural consolidation phase.

6 February 2026: High-Value Trading Amid Mixed Market Sentiment

MCX closed the week with a 1.35% decline to Rs.2,380.00, continuing the short-term weakness from the previous day. Despite the price drop, the stock remained one of the most actively traded by value, with a turnover exceeding ₹2,185 crore and volumes of 9.32 lakh shares. This high liquidity underscores sustained institutional interest amid a broadly cautious market environment.

Technically, MCX stayed above its 50-day, 100-day, and 200-day moving averages, maintaining a positive medium- to long-term trend. However, trading below the 5-day and 20-day averages reflected ongoing short-term pressure. Delivery volumes declined by 26%, indicating some reduction in long-term investor participation.

Daily Price Comparison: MCX vs Sensex (2–6 February 2026)

Key Takeaways

Positive Signals: MCX demonstrated strong institutional interest throughout the week, with multiple sessions of high-value trading and rising delivery volumes early in the week. The stock’s technical positioning above major moving averages supports a sustained medium- to long-term uptrend. The upgrade to a Strong Buy Mojo Grade and inclusion in thematic lists reflect robust fundamentals and market confidence.

Cautionary Signals: Despite early-week gains, MCX underperformed the Sensex by 7.25% over the week, closing with a 5.74% loss. The sharp intraday declines on 2 and 5 February and the drop below short-term moving averages indicate short-term volatility and profit-taking. Declining delivery volumes towards the week’s end suggest some reduction in long-term investor conviction amid market uncertainties.

Conclusion

The week ending 6 February 2026 was marked by significant volatility for Multi Commodity Exchange of India Ltd. Early sessions saw strong rebounds and institutional accumulation, supported by positive technical indicators and an upgraded analyst outlook. However, profit-taking and short-term selling pressure emerged midweek, leading to a weekly decline of 5.74%, contrasting with the Sensex’s 1.51% gain. MCX’s sustained liquidity, robust fundamentals, and strong mojo rating provide a solid foundation, but investors should remain attentive to short-term price fluctuations and broader market dynamics as the stock navigates this consolidation phase.

Upgrade at special rates, valid only for the next few days. Claim Your Special Rate →