The Securities and Exchange Board of India (Sebi) and exchanges have decided to reduce the trading hours in commodities and commodity derivatives. This decision has been taken in wake of 21 days lockdown to contain the spread of coronavirus (COVID-19).
The commodity trading currently starts from 10 am and continues till 11:50 pm to capture trading in all commodities for which India relies on global markets.
The timings have now been reduced to only 5 pm, all exchanges - Multi Commodity exchange Ltd (MCX), NSE, BSE said in circulars on Thursday.
The trading in equity markets however will continue as before from 9:30 am to 3:30 pm.
The trading hours were reduced on the basis of industry representations which cited difficulty in keeping up operations till midnight.
During the 21-day lockdown, Maharashtra government has asked the broking firms to continue operations with minimum possible employees.