🔴 Multi Commodity Exchange is trading 3.07% down today as higher crude prices pressure risk appetite

Multi Commodity Exchange is trading INR 3076.10 (-3.07%) as higher crude prices, elevated global bond yields, and rising volatility pressured risk appetite.

• The decline came alongside Indian equities on September 15.
• Bitcoin fell 2.40% and Ethereum declined 3.93%; crypto weakness is not a direct company-specific explanation for this commodity derivatives exchange.
• No major company-specific negative announcement was identified; recent Bernstein coverage was bullish.