MCX raises maximum compensation limit to Rs.25 lakh from IPF

MCX (Multi Commodity Exchange of India) on Thursday announced the enhancement of maximum compensation that could be availed by investors to Rs. 25.00 lakhs from the existing Rs.2.00 lakhs per claim.

MCX has established and maintained an Investor Protection Fund viz. Multi Commodity Exchange Investor (Client) Protection Fund (MCX IPF), with the aim of compensating investors in the event of defaulters' assets not being adequate to meet the legitimate claims of investors.

MCX also promotes investor awareness and education to increase literacy, participation in the commodity derivatives market and utilized for such other purpose as prescribed by the Sebi.

The maximum amount of compensation available against a single claim of an investor arising out of default of a member of exchange is presently Rs. 2.00 besides the maximum available compensation being Rs.2.00 crore per defaulter member.

In today’s, NSE Closing hours, shares of Multi Commodity Exchange of India Ltd was traded at Rs. 744.75 down by 2.14% at Rs.744.75 as compared to the previous close of Rs. 761.00. The stock hit an intraday high and low of Rs. 759.40 and 741.15

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FPIs infuse USD 2.6 billion in Indian capital markets in Nov

Foreign investors have infused USD 2.6 billion in the country's capital markets this month so far, boosted by govt’s announcement of recapitalizing PSU banks and India faring well in the World Bank's 'Ease of doing business index'.

This follows a net inflow of over Rs 19000 cr in capital markets including equity & debt, last month. Prior to that, FPIs had pulled out more than Rs 10,000 crore in Sept.

As per depository’s data, FPIs infused Rs 16,455 crore in equities during Nov 1-24, in addition, they put in Rs 754 crore in the debt market during the period under review, resulting in an inflow of Rs 17,209 crore.

The inflow can be the result of govt’s notice of recapitalizing public-sector banks, which is expected to boost up lending and propel economic growth.

In November, what triggered inflow was subsequent on news about India faring well in the World Bank's “Ease of doing business index” and a jump in core sector growth. Further, the US-based Moody's has newly upgraded India's sovereign credit rating by a notch to 'Baa2' with a stable outlook.

Overall, FPIs have invested Rs 53,800 crore in equities this year and another Rs 1.46 lakh crore in debt markets.