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MCX, NCDEX curtail trading hours from March 30 to April 14
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SME Times News Bureau | 26 Mar, 2020
Commodity bourses Multi Commodity Exchange (MCX) and the National
Commodity & Derivatives Exchange (NCDEX) on Thursday announced that
they would reduce their trading hours starting March 30 till April 14 in
view of the nationwide COVID-19 lockdown.
As per the revised
timings, trading would end at 5 p.m. in both the key exchanges. It would
start at the usual time 9 a.m. Currently, trading hours for commodity
exchanges ranges from 9 a.m. to 11.30 p.m.
"In view of the novel
Covid-19 virus pandemic outbreak and the nationwide lockdown of 21 days
in the country and pursuant to discussions with SEBI, it has been
decided to revise trading timings, from Monday, March 30, 2020 to
Tuesday, April 14, 2020," MCX said in a circular.
The pre-open
session for cancellation of orders will commence 15 minutes prior to
trade start time and there will be no evening trade session available on
April 2, 6 and 14, MCX said, adding that there will be no change in the
staggered delivery tender period for any commodity.
Similarly,
NCDEX in its circular said that pre-open session shall start at 8.45
a.m. and client code modifications will be allowed from 9 a.m. to 5.15
p.m.
"Members and clients are requested to further note that if
there is any extension of revised trading timings beyond April 14, 2020,
then the same will be informed through a separate circular," it said.
The
21-day lockdown announced by Prime Minister Narendra Modi on Tuesday to
contain the spread of the coronavirus infection will end on April 14.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 09 Apr, 2020 |
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