Multi-Commodity Exchange (MCX) will function from 09:00 hrs to 23:30 hrs for commodities, which is the previous trading hours, the exchange that controls more than 94 per cent of the trading volume, said in a statement.
Even before the nationwide lockdown was declared on March 25, the exchanges were asked to cut short trading hours to contain the massive volatility in the markets due to the COVID pandemic from the middle of March.
Accordingly, the trading time was massively cut short to 0900-1700 hrs till April 14, the day the first lockdown was to end, from 0900-2330 hrs earlier.
“In view of the representation received from market participants and pursuant to discussions with Sebi, it has been decided to revise trading timings, with effect from April 23,” it said.
