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Analysts said the IPO is fairly priced considering the growth prospects of the exchange over 3-5 years.

Oil prices were lower in Asian trade today, weighed by weak economic data from Europe and China, as well as an increase in US crude stockpiles indicating faltering demand.

Asian shares and the euro fell on Thursday on concerns about global growth driven by higher oil prices and data showing the euro zone may slip into recession.

US crude futures were stuck in negative territory after the new front-month April contract hit a fresh nine-month high above $106 as overbought signals triggered slight profit-taking, analysts said.

he recent hike in global oil prices underscores the need to improve upon the alternate sources of energy, White House Press Secretary Jay Carney said.

Most experts say valuations are reasonable considering the growth potential over the next 3-5 years.

MCX, which will become the first Indian bourse to list its shares on an exchange, is offering about 6.4 million shares in the IPO.

Oil prices climbed after debt-laden Greece secured a huge bailout and as traders kept a close watch over Iran

"Silver is currently ruling at Rs 57,000 per kg, is likely to go up further and might go up to Rs 1 lakh per kg this year due to the global economic crisis," Bombay Bullion Association (BBA) President Prithviraj Kothari said.

While gold rose by Rs 160 to Rs 28,390 per 10 grams, silver shot up by Rs 600 to Rs 56,600 per kg on increased offtake from jewellers and industrial units.

The 27-nation EU accounts for about 18 per cent of Iran's oil exports.

Gold futures prices rose by Rs 44 to Rs 28,202 per 10 grams amid ongoing marriage season demand.

Oil prices extended gains in Asian trade today after eurozone finance ministers sealed a deal on Greece bailout

Oil prices jumped to a nine-month high above $105 a barrel on Monday after Iran said it halted crude exports

Iran's oil ministry has stopped crude shipments to British and French companies.

The Iranian action was not likely to have any significant direct impact on European supplies.

Iran has halted its limited oil sales to France and Britain in retaliation for a phased EU ban on Iranian oil.

On the domestic front, gold of 99.9 and 99.5 per cent purity declined by Rs 40 each to Rs 28,300 and Rs 28,160 per 10 grams respectively, while sovereigns remained stable at Rs 23,400 per piece of eight grams in limited deals.

Oil prices edged higher in Asia on continued tension between Western powers and crude producer Iran.