Multi Commodity Exchange of India (MCX) shares fell 6.46% to close at ₹2,954.50 on May 29, 2026. A UBS downgrade triggered the sharp sell-off.
The stock reached an intraday low of ₹2,906.20 during the session. Trading volume surged to over 17.6 million shares.
The decline occurred despite MCX joining the MSCI Global Standard Index on the same day. This inclusion was expected to attract substantial passive inflows.
Open interest in MCX derivatives jumped 21.14%. Traders established new positions amid conflicting news regarding the downgrade and index entry.