On Tuesday, February 13, the Multi Commodity Exchange (MCX) encountered technical glitches that led to delays in resuming commodity market trading. Originally scheduled to commence at 9 am, trading eventually began at 1 pm due to issues with backend file generation, as explained by MCX officials.
Despite attempts to rectify the problem, successive delays pushed the start time back from 9 am to 10 am, then to 11 am, and finally to 1 pm. MCX promptly informed its members of the revised trading hours via circular, attributing the delay to slow backend file processing.
A spokesperson for MCX confirmed the technical challenges and expressed assurance that the exchange’s team was diligently working to resolve them, anticipating a 1 pm start time. Shrey Jain, Founder & CEO of SAS Online, shed light on the impact of the delays, noting that brokers awaited essential files from MCX to proceed with processing previous trading sessions.
In contrast, the equity market displayed resilience, with banking and financial services stocks driving gains amidst mixed global cues. By 11:10 am, the BSE Sensex had risen by 483.97 points, or 0.68%, reaching 71,556.46, while the NSE Nifty 50 climbed 126.85 points, or 0.59%, to 21,742.90.
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