Advertisement

Updated March 26th, 2020 at 15:38 IST

COVID-19: Exchanges cut trading hours for commodity trading till 5 pm

Leading stock exchanges BSE and NSE on Thursday cut down trading hours for commodities derivative segment till 5 pm, instead of current practice of allowing it up till mid-night, in the wake of coronavirus pandemic.

| Image:self
Advertisement

Leading stock exchanges BSE and NSE on Thursday cut down trading hours for commodities derivative segment till 5 pm, instead of current practice of allowing it up till mid-night, in the wake of coronavirus pandemic.

The trading will begin at 9 am and close at 5 pm and the new timings will be effective from March 30 till April 14, the exchanges said.

In separate statements, commodity exchanges -- MCX and ICEX -- announced about the reduced trading hours.

Commodity markets trade between 10 am to 11.50 pm, while equity markets close at 3.30 pm.

"In view of the novel COVID-19 outbreak, the nationwide lockdown of 21 days and pursuant to discussions with Sebi, it has been decided to revise the trading timings,” BSE and NSE said in similar worded circulars.

Narinder Wadhwa, President, Commodity Participants Association of India (CPAI) said the move will provide great relief to all members amid a 21-day nationwide lockdown.

Earlier, CPAI had requested markets regulator Sebi to cut short the timing as they are not able to keep offices open up till mid-night.

Advertisement

Published March 26th, 2020 at 15:38 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement

Trending Quicks

Faridabad Fire: Massive Blaze Engulfs Factory in Bhankri Village, Panic Grips Locality
2 minutes ago
Riyan Parag
2 minutes ago
Raw Mango
5 minutes ago
Byju's leadership dispute
7 minutes ago
Lok Sabha Elections 2024 LIVE
12 minutes ago
Ravichandran Ashwin
18 minutes ago
INDI Seals Seat-sharing Deal in Bihar, RJD to Contest on 26 Seats, Cong 9
22 minutes ago
Bengaluru Man Tragically Dies After Friend Pumps Hot Air Into His Rectum For Fun
25 minutes ago
Advertisement
Advertisement
Advertisement
Whatsapp logo