Multi Commodity Exchange of India Ltd Hits Intraday High with 5.94% Surge

Intraday Price Movement and Volatility

The stock opened with a notable gap-up of 2.19%, setting a positive tone for the trading session. Throughout the day, MCX exhibited considerable price fluctuations, registering an intraday volatility of 27.84% based on the weighted average price. This heightened volatility underscores active trading interest and dynamic price discovery during the session.

MCX’s intraday high of Rs. 2,593.15 represents a 7.06% increase from its previous close, reflecting strong buying momentum. The stock has now recorded gains for two consecutive days, accumulating a return of 13.55% over this period, signalling sustained upward pressure.

Technical Positioning and Moving Averages

From a technical standpoint, MCX is trading comfortably above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This alignment indicates a strong bullish trend across multiple timeframes, reinforcing the stock’s positive momentum.

The recent upgrade in the Mojo Grade from Buy to Strong Buy on 18 Nov 2025, with a current Mojo Score of 82.0, further reflects the stock’s improving technical and fundamental outlook as assessed by MarketsMOJO. The Market Cap Grade remains at 2, consistent with its large-cap status within the capital markets sector.

Comparative Performance Against Benchmarks

MCX’s performance today stands out sharply against broader market indices. The Sensex rose by 0.61%, closing at 82,356.52 points, after a flat opening with a marginal 34.88-point gain. In contrast, MCX surged 6.30% on the day, outperforming the Sensex by 5.7 percentage points.

Over longer periods, MCX has consistently outpaced the Sensex. Its one-week return of 10.94% dwarfs the Sensex’s 0.63%, while the one-month gain of 16.41% contrasts with the Sensex’s decline of 3.07%. The three-month performance is even more pronounced, with MCX up 41.21% compared to the Sensex’s 2.60% loss.

Year-to-date, MCX has appreciated 15.58%, while the Sensex has declined 3.28%. Over one year, MCX’s return of 133.02% vastly exceeds the Sensex’s 8.60%. The stock’s long-term performance is remarkable, with a three-year gain of 759.41% and a ten-year return of 1,438.48%, compared to the Sensex’s respective 38.93% and 236.86%.

Market Context and Sector Dynamics

The broader capital markets sector, in which MCX operates, has seen mixed trends, but MCX’s outperformance today highlights its relative strength. The Sensex’s 50-day moving average remains above its 200-day moving average, signalling a positive medium-term market trend, although the index itself trades below the 50-day average.

Mega-cap stocks have been leading the market rally, contributing to the Sensex’s 0.61% gain. MCX’s strong intraday performance aligns with this trend, reflecting its stature as a significant player within the capital markets industry.

Trading Activity and Investor Response

MCX’s trading session was marked by high activity and volatility, reflecting strong engagement from market participants. The stock’s ability to sustain gains above all major moving averages suggests robust demand throughout the day. The 27.84% intraday volatility indicates significant price swings, which may have attracted active traders seeking to capitalise on momentum.

The stock’s consecutive gains over the past two sessions, accumulating a 13.55% return, demonstrate a clear upward trajectory. This performance is notable within the capital markets sector, where MCX continues to distinguish itself through consistent price appreciation.

Mojo Score and Rating Update

MarketsMOJO’s latest assessment upgraded MCX’s Mojo Grade from Buy to Strong Buy on 18 Nov 2025, reflecting improved technical and fundamental metrics. The current Mojo Score of 82.0 places the stock in a favourable position relative to its peers, signalling strong momentum and quality characteristics.

The Market Cap Grade of 2 confirms MCX’s status as a large-cap entity, reinforcing its significance within the capital markets sector and its influence on market movements.

Summary of Key Metrics

To summarise, Multi Commodity Exchange of India Ltd’s key intraday metrics on 28 Jan 2026 include:

• Intraday high: Rs. 2,593.15 (7.06% gain)


• Day change: +5.94%


• Opening gap-up: 2.19%


• Intraday volatility: 27.84%


• Consecutive gains over 2 days: 13.55% total return


• Trading above all major moving averages (5, 20, 50, 100, 200 days)


• Mojo Score: 82.0 with Strong Buy rating

These figures highlight MCX’s strong intraday performance and sustained upward momentum within a broadly positive market environment.

Market Outlook and Positioning

While the Sensex continues to approach its 52-week high, currently 4.62% below the peak of 86,159.02, MCX’s outperformance underscores its leadership within the capital markets sector. The stock’s ability to maintain gains amid a volatile session and outperform both sector and benchmark indices reflects its strong market positioning.

MCX’s performance today is a clear indicator of its resilience and strength in the current market cycle, supported by favourable technical indicators and a solid rating upgrade from MarketsMOJO.

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