MCX technical glitch: Commodity trading begins at 10 AM after one hour delay

Commodity trading on Multi Commodity Exchange of India (MCX) began at 10 AM on Tuesday after a delay of one hour due to some technical issues. MCX informed that the normal trading has started at 10 AM.

“Update as at 10 am – The trading has started at 10 am today.” a notification on MCX website said.

Earlier, MCX said its trading would begin at 10 AM instead of usual 9 AM.

“The End-of -day processes for yesterday’s trade date have been delayed due to some technical issues and hence the special session will start at 09:45 am and market will start at 10:00 am today,” an announcement on MCX website said.

MCX is the the largest commodity bourse in the country and the daily commodity trading session on the MCX begins at 9 AM and ends at 11:30 AM. The morning session is till 5 PM and the evening session begins at 5 PM.

Futures of Agri-commodities are traded till 5 PM on MCX, while bullion, metals, and other energy futures are traded till 11:30 PM.

MCX had faced a technical glitch earlier this year also. On February 13, 2024, commodity markets trading on MCX began at 1 PM instead of normal trading time after multiple delays.

Meanwhile, the Indian stock market exchanges, BSE and National Stock Exchange (NSE) opened at their regular time on Tuesday.

The Sensex traded 174.92 points, or 0.22%, higher at 80,135.30, while the Nifty 50 was up 43.15 points, or 0.18%, at 24,363.70.

Brokerage firm Zerodha had also informed its clients of MCX trading delay.

“Due to operational delays at the Multi Commodity Exchange (MCX), the commodity markets will open at 10 AM today,” Zerodha wrote in a post on X.

At 10:05 am, MCX shares were trading 0.17% higher at ₹3,954.00 apiece on the BSE.