The Economic Times

Explained: Why Bernstein prefers MCX over BSE as volumes plummet amid CAS chaos

Bernstein has favoured MCX over BSE as commodity derivatives volumes maintain strong momentum while equity derivatives activity weakens amid the Closing Auction Session. The brokerage expects MCXs growth to support earnings upgrades, while BSE faces moderating volumes, slowing market share gains and a sharp deceleration in earnings growth over the coming years.