 "Commodity derivatives trading beyond 5 p.m. discontinued during lockdown")
The commodity exchanges have decided to curtail the trading hours for commodity derivatives. Such trades will close at 5 pm from Monday until April 14, the last day of the 21-day nationwide lockdown.
This followed the commodity exchanges discussions with the Securities and Exchange Board of India.
All the five exchanges, including the MCX, NCDEX, and the ICEX, have capped trading timings to 5 pm. The MCX reports maximum trading in the evening session.
Brokers had approached the regulator and requested to discontinue the evening session trading until the lockdown as it was becoming increasingly difficult to ensure staff presence and commute in the night.
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