On Thursday, major commodity exchanges MCX and ICEX cut their trading hours for commodities in the wake of an epidemic called coronavirus. Now the new time for ending the business has been made at 5 pm. Earlier there was business till midnight.
According to information received from both exchanges regarding this deduction, now the new time of trading will start at 9 am and will last till 5 pm. The new timing will be applicable from 30 March to 14 April.
In different statements, the commodity exchanges MCX and ICEX - told about reducing time. Commodity markets run from 10 am to 11.50 pm. While the equity market closes at 3.30 pm.
The same, BSE and NSE said that in view of the outbreak of COVID-19, it has been decided to change the trading timings after negotiating with SEBI due to the 21-day lockdown. President of the Commodity Participants Association of India (CPAI), Narinder Wadhwa, said the move would bring great relief to all members amid a 21-day nationwide bandh.