May 25, 2018 / 4:28 AM / a month ago

BUZZ-India's Multi Commodity Exchange surges on report of merger with NSE

** Shares of Multi Commodity Exchange of India (MCX) rise as much as 8 pct to 775 rupees, their biggest daily pct gain in over 2 mths

** Co is in merger talks with National Stock Exchange ahead of the implementation of the universal exchange framework in October, a top official told Business Standard

** Both entities plan to approach market regulator Securities and Exchange Board of India as early as this month, the report added

** Neither MCX nor NSE officials were immediately available for comment

** More than 430,000 shares change hands, compared with the 30-day avg trading volume of 469,816

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