Multi Commodity Exchange of India (MCX) shares jumped nearly 4% to an intraday high of ₹2,889 on Tuesday. Heavy trading volumes supported the price increase.
Escalating geopolitical tensions between the United States and Iran drove heightened market activity. The conflict triggered a flight to safety and increased speculation in crude oil and precious metals.
MCX crude oil futures for the July contract rose over 3.8% to ₹7,642 per barrel. Oil prices reached a one-month high amid fears of supply disruptions through the Strait of Hormuz. Gold and silver futures experienced high volatility and rebounded from a previous sharp decline.
Increased trading activity directly benefits MCX through higher transaction fees. The stock gained even as broader market indices like the Sensex and Nifty 50 traded in the red.