Trading on India's largest commodity exchange - Multi Commodity Exchange (MCX) - was hit by a technical glitch on Wednesday morning, i.e. on July 23. The trading, which was to begin at 9 am, was halted as some brokerage houses said the exchange did not upload the margin file on its SFTP (Secure File Transfer Protocol) server. However, MCX has not stated the reason behind the outage. While the exchange initially put a notice on its website saying that trading would resume by 9:45 am, it later revised the time to 10.10 am. The trading finally began at around 10:17 am.
Brokerage firm Zerodha alerted traders about the glitch on X (formerly Twitter)
“Multi Commodity Exchange (MCX) is facing an issue and is currently not accepting orders across all brokers. In the meantime, you can place orders in the NSE Commodity segment (NCO),” the post said.
MCX Faced Glitch Last Year Also
The exchange faced a glitch in February last year as well. At that time, the operations were suspended for four hours. The glitch was reportedly related to its transition to a new trading platform.
MCX Share Price Today
Meanwhile, shares of MCX started today's trading session in green at Rs 8,229.80 on the BSE against the previous close of Rs 8,151.05. However, it fell to touch the intraday low of Rs 8,061.55 amid profit booking. Last seen, the stock was trading with a gain of Rs 14.95 at Rs 8,166.
Technically, the stock trades higher than the 50-day, 100-day and 200-day moving averages but lower than the 5-day and 20-day moving averages.
The 52-week high of the stock is Rs 9,110 and the 52-week low is Rs 3,620.55. The market cap of the company is Rs 41,612 crore.
Share Price History
According to BSE Analytics, the stock has a multibagger return of 108 per cent in one year and 403 per cent in two years. However, it has corrected 1.58 per cent in 1 month. In one week, it has corrected around 2.57 per cent.
