MCX Shares Plunge 5%, Rattled by NSE IPO and Competition

Multi Commodity Exchange of India (MCX) shares fell 5.3% on July 7, 2026.

The decline marks the fourth consecutive day of losses for the stock.

A Jefferies report highlighted competitive threats from the National Stock Exchange (NSE) ahead of its initial public offering.

NSE is expanding into the commodities market, challenging MCX’s historical near-monopoly.

The NSE already maintains a dominant market share across most other trading segments.

Revised Reserve Bank of India capital exposure norms effective July 1 also weighed on trading volumes.