Technical snag halts MCX operations for 30 minutes

MCX building in Mumbai
Futures trading in commodities came to standstill for about 30 minutes on Monday evening as India's largest commodity exchange, the Multi Commodity Exchange of India (MCX) suffered a technical snag.

Trading activity was restored after the technical team rectified the problem, which remained unknown till the time the story went to press.

An MCX spokesperson confirmed the development and said that no trading loss was estimated as trading started again at the same price at which it had halted. "So, no gain or loss was witnessed in this trading halt," he added.

Both volume and turnover of the exchange are estimated to have remained normal.

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel