Economy · India
Bernstein favors MCX over BSE, predicts stock performance divergence
Financial research firm Bernstein has initiated coverage on the Multi Commodity Exchange (MCX) and the Bombay Stock Exchange (BSE), favoring MCX. The firm rated MCX stock as 'Outperform' and BSE stock as 'Underperform'. Bernstein anticipates an 80% performance divergence between the two exchanges, citing stronger growth prospects in commodity derivatives for MCX compared to moderating growth in equity derivatives for BSE.
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- Centre (2): The Financial Express, The Hindu BusinessLine