SBI advises MCX to keep Go-Live of CDP in abeyance

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SBI advises MCX to keep Go-Live of CDP in abeyance

Despite today's decline, the market price of MCX has outperformed the market in the past one month by surging 20 per cent as against 0.95 per cent gain in the S&P BSE Sensex. It is expected that CFMA's writ petitions on CDP are pending before the Madras High Court for disposal. Sebi has advised the exchange to keep the proposed Go-Live of CDP in abeyance, he said. As the Exchange is ready and eager to go-live as soon as permitted, the Exchange will continue to conduct CDP mock tests until further directions in the matter from Sebi, MCX said. HDFC Securities analysts at HDFC Securities maintain a 'buy' rating on MCX, with a target price of Rs. 2,400 per share.