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Hi Somnath 64552,
Before choosing which one is better M.Sc. or MCA let me clarify the differences here, may be then you can make a good decision.
Now in M.Sc. you have two option here, you can peruse MSc in Physics i.e. your core subject and second is MSc IT. In these options I would suggest here go for MSc Physics, if you are really into the teaching and govt jobs because opportunities are good in teaching sector but after pursuing MSc in Physics there are very less opportunities in private sector. In india physics jobs will be mostly in research labs and in applied science departments of educational institutes which requires P.Hd sometimes, so path is long ahead here and requires determination and patience.
Now in MCA opportunities are equally good in private sector as well as in govt sector. You'll get a job here in IT sector where competition is very high, you have to compete with B.Tech (CS / IT ), BSC IT, MSC IT, MS (CS / IT), GNNIT students to get a job. And you can also choose to go for Phd or higher studies if you like and can pursue your career further.
So Which one to choose between MSc and MCA is matter of your interest, choice and hard work. Opportunities in both domains are good.
Just evaluate you interest, financial situations and choose wisely. But here is the recommendation if you wanted to go for a job soon no matter in private or govt sector, Go for MCA, and if you are interested in teaching and research in Physics specifically then you can choose MSc (Physics) not MSc(IT).

Hy Diksha ,
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