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MCX-SX India's New Stock Exchange By SEBI, Third National Stock Exchange After BSE, NSE

Subject : About MCX -SX Abbreviation

The MCX Stock Exchange Limited (MCX-SX), India's new stock exchange, is recognized by Securities & Exchange Board of India (SEBI).  This New one MCX - SX was the third national stock exchange of India after Bombay Stock Exchange (BSE), the National Stock Exchange (NSE). MCX-SX started its trading with 1116 listed companies against 1665 companies in National Stock Exchange and 5191 companies in Bombay Stock Exchange.  
India's Third Stock Exchange
The MCX-SX Index is called SX40. where the BSE : SENSEX, NSE : NIFTY is formulated for measuring the economic performance through polished presentation of different industries as well as sectors based on ICB, which is a leading international classification from FTSE-100 of Britain. MCX-SX Abbreviation was Manifesto of Change Stock Exchange Limited. It is under the regulatory framework of SEBI and Reserve Bank of India (RBI). The Exchange was granted the status of a “recognized stock exchange” by the Govt of India on December 19, 2012, and launching on 2013.

Stock Exchanges Index : 
MCX-SX Index : SX40,
NSE Index : NIFTY.

Some of the Constituents of SX40: ACC, Ambuja Cements, Asian Paints, Bajaj Auto, BPCL, Bharti Airtel, BHEL, Cairn India, Cipla, Coal India, Dr Reddy's, Gail (India), HCL Tech, HDFC Bank, HDFC, Hero MotoCorp, Hindalco, HUL, ICICI Bank, Infosys, ITC, JP Associates, JSPL, L&T, Lupin, M&M, Maruti Suzuki, NTPC, ONGC, Power Grid Corp, RIL, Sun Pharma, TCS, Tata Motors, Tata Power, Tata Steel, Titan Industries, United Spirits, Wipro, and Zee Entertainment.

MCX SX is the only exchange that has come up with the ‘Manifesto of Change’, which is a roadmap of what the Exchange

Competition : Now MCX-SX Has a tough with the both BSE and NSE Exchanges, intends to achieve in terms of driving market development and inclusive growth over the next future.

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