MCX Stock Exchange (MCX-SX) will begin trading in equities and equity derivatives from Monday. With its 40-stock index named SX40, MCX-SX is the third full fledged equity bourse after BSE and NSE. The bourse was formally launched by finance minister P Chidambaram on Saturday. SX40 will be a freefloat based index of large-cap and liquid stocks, representing diverse sectors. The base value will be 10,000 with a base date of March 31, 2010, VC Jignesh Shah said at the launch.
The index will measure economic performance with better representation of various industries and sectors.
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