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NSE in merger talks with MCX for bigger exchange play, says report

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The two exchanges have appointed global investment banks to help in the discussions, the Economic Times report said citing two unidentified people close to the development.

NSE in merger talks with MCX for bigger exchange play, says report
The National Stock Exchange (NSE) and Multi Commodity Exchange of India (MCX) are in talks to combine their operations and provide a onestop shop for trading in all kinds of products, The Economic Times reported on Wednesday.
The two exchanges have appointed global investment banks to help in the discussions, the report said citing two unidentified people close to the development.
NSE has appointed Morgan Stanley while JPMorgan is advising MCX, the report said.
Emails sent to NSE and BSE did not elicit a response at the time of publishing the story.
A merger of NSE with MCX or with its cross-town rival Bombay Stock Exchange has always been touted as a possibility especially after the capital markets regulator allowed exchanges to offer all asset classes under one roof, according to the report.

Market Movers

CompanyPriceChange%Gain
Adani Ports694.35 47.45 7.33
Bajaj Auto4,167.10 113.20 2.79
HUL2,482.90 65.20 2.70
Bharti Airtel538.75 10.10 1.91
Grasim1,480.75 22.55 1.55
CompanyPriceChange%Gain
HUL2,480.75 63.85 2.64
Bajaj Auto4,164.95 105.95 2.61
Bharti Airtel538.90 10.20 1.93
Bajaj Finserv11,998.00 179.95 1.52
IndusInd Bank994.90 10.65 1.08
CompanyPriceChange%Gain
Adani Ports694.35 47.45
Bajaj Auto4,167.10 113.20
HUL2,482.90 65.20
Bharti Airtel538.75 10.10
Grasim1,480.75 22.55
CompanyPriceChange%Gain
HUL2,480.75 63.85
Bajaj Auto4,164.95 105.95
Bharti Airtel538.90 10.20
Bajaj Finserv11,998.00 179.95
IndusInd Bank994.90 10.65

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Dollar-Rupee73.8600-0.2175-0.29
Euro-Rupee87.8770-0.4200-0.48
Pound-Rupee102.2970-0.9290-0.90
Rupee-100 Yen0.6699-0.0019-0.29