Commodity traders urge Sebi to restore trading hours till 11.30 pm

Sebi reduced the trading hours on commodity markets to 9 am-5 pm from the earlier 9 am-11:30 pm to help exchange employees and traders practise social distancing.

Commodity traders have asked India’s markets regulator to restore trading hours till 11.30 pm to contain trading volatility and losses seen after the coronavirus pandemic since December 2019.

Narinder Wadhwa, president of Commodity Participants Association of India (CPAI), said in a letter to Santosh Kumar Mohanty, executive director and whole-time director of Securities and Exchange Board of India (Sebi), said the request is based on an opinion poll of its members who voted for restoration of the original trading timing.

After the government imposed a nationwide lockdown to prevent the spread of the coronavirus, Sebi reduced the trading hours on commodity markets