MCX Stock Exchange to Compete With India’s BSE, NSE From Feb. 11
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MCX Stock Exchange Ltd. will compete with the BSE Ltd. and National Stock Exchange of India Ltd. from Feb. 11 after the bourse’s equity derivatives trading was inaugurated by Finance Minister Palaniappan Chidambaram.
The new exchange’s benchmark SX40 Index of 40 large and liquid stocks, which includes India’s biggest companies by market value Reliance Industries Ltd., Tata Consultancy Services Ltd. and Oil & Natural Gas Ltd., was unveiled by Chidambaram in Mumbai today.