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Multi Commodity Exchange of India (MCX) shares surged 7.5% after reporting a massive 151% year-on-year jump in consolidated net profit to Rs 401 crore for Q3FY26. Revenue from operations also saw a robust 121% YoY increase to Rs 666 crore, driven by significant growth in trading activity and new product launches.
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LGT Wealth India suggests Budget 2026 can boost overseas investing by restoring TCS on remittances to 5% and offering multi-year policy clarity. Aligning tax treatment of global equities with domestic ones and streamlining the Liberalised Remittance Scheme (LRS) are also key to encouraging systematic global diversification for Indian households.
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Indian markets showed a muted reaction to the India-EU trade deal as investors await clarity on benefits and timelines. Capitalmind CEO Deepak Shenoy says equities remain selectively attractive, with stock-specific opportunities emerging amid valuation pressures, labour law impacts on earnings, rising FMCG competition, and cautious optimism around PSU banks and mid-cap stocks.
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