Multi Commodity Exchange of India Ltd Hits Intraday High with 7.65% Surge

Intraday Trading Highlights

MCX opened the trading session with a significant gap-up, registering a 7.65% gain at the outset. The stock maintained upward momentum throughout the day, touching its peak price of Rs 2,554.6, representing a 10% increase intraday. This performance notably outpaced the Finance/NBFC sector, which gained 3.86%, and the Sensex, which closed with a 2.76% rise.

The stock’s day change of 7.65% also outperformed the sector by 3.91%, underscoring its relative strength within capital markets. MCX has now recorded gains for two consecutive trading days, accumulating a 12% return over this period.

Technical Positioning and Moving Averages

MCX’s price action today saw it trading above all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates sustained bullish momentum and a strong trend across multiple timeframes. The stock’s ability to hold above these averages suggests robust buying interest and positive market sentiment.

In contrast, the Sensex is currently trading below its 50-day moving average, although the 50-day average remains above the 200-day average, signalling a longer-term uptrend despite short-term volatility.

Comparative Performance Analysis

MCX’s performance today stands out when compared with the broader market and sector indices. The stock’s 6.83% gain on the day exceeds the Sensex’s 2.67% rise, highlighting its relative outperformance. Over longer periods, MCX has consistently outpaced the benchmark index:

• 1 Week: MCX up 2.43%, matching Sensex’s 2.43%
• 1 Month: MCX up 12.00%, Sensex down 2.23%
• 3 Months: MCX up 30.20%, Sensex down 0.16%
• 1 Year: MCX up 118.34%, Sensex up 8.63%
• Year to Date: MCX up 11.37%, Sensex down 1.61%
• 3 Years: MCX up 721.50%, Sensex up 37.81%
• 5 Years: MCX up 687.57%, Sensex up 66.84%
• 10 Years: MCX up 1,427.24%, Sensex up 246.15%

This data underscores MCX’s sustained growth trajectory and strong market positioning over multiple time horizons.

Market Context and Sector Dynamics

Despite the Sensex losing momentum after a gap-up opening—initially rising by 3,656.74 points before retreating by 1,403.15 points to close at 83,920.05—the capital markets sector, including MCX, demonstrated resilience. The Sensex remains close to its 52-week high of 86,159.02, just 2.67% away, supported by gains in mega-cap stocks.

Within this environment, MCX’s strong intraday performance and technical strength highlight its leadership in the capital markets sector. The stock’s market cap grade of 2 and a Mojo Score of 82.0, upgraded from a previous Buy to a Strong Buy on 18 Nov 2025, reflect its favourable standing among market participants.

Mojo Score and Ratings Update

MCX’s Mojo Score of 82.0 places it firmly in the Strong Buy category, an upgrade from its previous Buy rating as of 18 Nov 2025. This score reflects comprehensive analysis across financial metrics, trend assessments, and quality grades. The stock’s consistent upward trajectory and technical indicators support this elevated rating.

The company’s market cap grade of 2 indicates a mid-cap classification within the capital markets sector, aligning with its growth profile and trading volumes.

Summary of Trading Action

On 3 Feb 2026, Multi Commodity Exchange of India Ltd exhibited a commanding intraday performance, opening with a 7.65% gain and reaching a high of Rs 2,554.6, a 10% increase. The stock’s outperformance relative to the Sensex and sector indices, combined with its strong technical positioning above all major moving averages, underscores its current market strength.

MCX’s two-day consecutive gains totalling 12% and its sustained outperformance over multiple timeframes highlight its resilience and leadership within the capital markets sector amid a mixed broader market environment.

Outlook on Market Environment

While the Sensex experienced volatility after a strong opening, MCX’s performance remained robust, supported by sector gains and mega-cap leadership. The stock’s technical and fundamental metrics continue to signal strength, with its recent rating upgrade reinforcing its positive standing.

Conclusion

Multi Commodity Exchange of India Ltd’s strong intraday surge to Rs 2,554.6 on 3 Feb 2026, coupled with its technical and rating upgrades, marks it as a standout performer in the capital markets sector. Its ability to outperform both sector peers and the broader market indices during a volatile session highlights its current momentum and market positioning.

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