New Delhi, Dec. 31 -- Multi Commodity Exchange of India (MCX), the country's leading commodity derivatives exchange, extended its winning streak to a second consecutive session on Wednesday, December 31, with shares rallying 3% to the day's high of Rs.11,198 apiece. The gains came after media reports suggested that Morgan Stanley issued an upbeat outlook on the company.

According to CNBC TV-18, the global brokerage has turned more bullish on MCX, raising its target price to Rs.11,135 from Rs.6,710 earlier, and upgrading its rating to an 'Equal weight.' Mint could not independently verify this report.

The upgrade was driven by a sharp increase in the company's average daily transaction revenue, supported by heightened price action across...