Image Source: Mint
India’s Multi Commodity Exchange (MCX) resumed trading at 10:10 AM IST on July 23, 2025, following a temporary suspension due to a technical glitch. The disruption affected the start of the commodity trading session, which typically begins at 9:00 AM, prompting revised timelines and operational alerts across brokerage platforms.
Key Highlights:
-
Trading was halted shortly after market open due to a system error, reportedly linked to margin calculation discrepancies and exchange connectivity issues.
-
MCX initially announced a revised start time of 9:45 AM, later updating it to 10:10 AM as resolution efforts continued.
-
Brokerage firms including Zerodha issued advisories to clients, confirming the delay and advising caution in early trades.
Operational Context:
-
The glitch caused price freezes around 9:05 AM, with traders reporting stalled order flows and lack of market depth.
-
MCX confirmed the issue via its website and social media, stating that end-of-day processes from the previous session had been delayed.
-
The exchange’s billing and margin file upload processes were impacted, leading to a pause in trade execution.
Market Outlook:
-
Trading resumed with normal operations at 10:10 AM, and MCX shares were marginally higher at ₹3,954 on the BSE at 10:05 AM.
-
Analysts expect minimal long-term impact, though short-term volatility may persist as participants recalibrate positions.
-
The incident underscores the importance of robust tech infrastructure in India’s fast-evolving commodity derivatives market.
Source: Economic Times, Business Upturn, Livemint, CNBC TV18 (July 23, 2025)
Advertisement
Advertisement