Technical glitch delays Multi-Commodity Exchange trading by an hour on Wed

A technical outage delayed trading on the Multi-Commodity Exchange by an hour, as brokers were unable to place orders until the issue was resolved at 10:15 am

Commencement of trading was delayed on the Multi-Commodity Exchange (MCX) on Wednesday due to a technical outage that prevented order acceptance from brokers. The commodity bourse began trading at 10:15 am, as against the usual start time of 9:15 am.

 

In a later statement, the exchange attributed the delay to “clearing technical processes and file sharing.”

 

This is not the first such incident at MCX. In February 2024, the exchange experienced a delay of over four hours, which was blamed on slow back-end file processing and generation for its members. Several market participants took to social media, pointing out the multiple technical glitches at MCX in recent times. 

Inox Wind to raise ₹1,250 cr via rights issue 

 

Inox Wind, a wind energy solutions providers, plans to raise nearly ₹1,250 crore via a rights issue to fuel growth initiatives. The firm will issue 104 million new shares at ₹120 apiece. Shares of the company last closed at ₹166.  The rights entitlement ratio has been set at five equity shares for every 78 equity shares held by shareholders as on July 29. The rights issue will rem­ain open between August 6 and August 20. 

GNG Electronics, Indiqube IPOs see strong start 

The initial public offering (IPO) of GNG Electronics received 8.99 times subscription on the first day of share sale on Wednesday. The company’s initial share sale got bids for 12,75,24,978 shares against 1,41,88,644 shares on offer, according to NSE data.  Meanwhile, the IPO of workplace solutions company Indiqube Space got subscribed 87 per cent on the first day of bidding on Wednesday. The initial share sale received bids for 1,50,00,111 shares against 1,71,48,335 shares on offer, according to NSE data.