MCX IPO fully covered on 2nd day: exchange

An initial public offering by the Multi Commodity Exchange (MCX) to raise up to $134 million was fully covered on the second day of its launch, and analysts said strong response to the issue is expected to revive the dormant primary market.India's first IPO this year is seen as a test of investor appetite for share sales after weak local markets forced many companies to shelve stock offerings last year.Share offerings in the pipeline...