Main inventory exchanges BSE and NSE, on Thursday, lower down buying and selling hours for the commodities spinoff section in order finish buying and selling at 5 p.m., as a substitute of the present observe of permitting it up until midnight, within the wake of the COVID-19 pandemic.
Buying and selling will start at 9 a.m. and shut at 5 p.m. and the brand new timings can be efficient from March 30 until April 14, the exchanges mentioned. In separate statements, commodity exchanges MCX and ICEX introduced the lowered buying and selling hours.
Commodity markets enable buying and selling between 10 am and 11.50 pm, whereas the fairness markets shut at 3.30 pm.
“In view of the novel COVID-19 outbreak, the nationwide lockdown of 21 days and pursuant to discussions with SEBI, it has been determined to revise the buying and selling timings, BSE and NSE mentioned in similar-worded circulars.
Narinder Wadhwa, president of the Commodity Individuals Affiliation of India (CPAI), mentioned the transfer would offer nice reduction to all of the members, given the 21-day nationwide lockdown.