Shares of Multi Commodity Exchange of India (MCX) fell 1.78% to Rs 9,140 in Monday’s session after technical issues halted commodity trading for over two hours. The benchmark exchange, which had initially announced a 9:30 AM restart, failed to resume operations even by 11:30 AM, sparking anger among traders and brokers.
The exchange had issued multiple updates throughout the morning, first postponing the opening from 9:00 AM to 9:30 AM, and later to 10:30 AM, citing technical issues. However, as of 11:20 AM, trading remained suspended, with users across platforms confirming that both MCX’s website and trading terminals were unresponsive.
Frustrated traders took to social media platforms like X (formerly Twitter) to express dissatisfaction over repeated disruptions. One brokerage notification even advised clients to trade commodities on NSE instead, until MCX systems stabilize.
The outage has been particularly disruptive as it coincides with monthly expiry day, a crucial session for commodity traders. This marks the third consecutive day of technical difficulties at the exchange, raising concerns about system reliability and contingency preparedness.
At 11:23 AM, MCX’s stock was trading at Rs 9,140, down Rs 165.50 from its previous close of Rs 9,305.50, with a market capitalization of Rs 4.64 lakh crore.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Market trading involves risks. Author or Business Upturn is not liable for any losses arising from the use of this information.
