On account of “ Gurunanak Jayanthi “ – there is no Commodity Day trading session on Tuesday, 8th November, 2022
Evening session ( 5.00 PM to 11.55 PM ) of MCX will be open for trading
Modification in Daily Price Limits (DPL) for Commodity Futures Contracts
MCX and NCDEX have informed there will be a Modification in Daily Price Limits (DPL) for Commodity Futures Contracts.
Currently commodities price movement in the international markets is more than the aggregate DPL when compared with closing price on previous day on domestic exchange, the same maybe further relaxed in stages of 3% by the Exchange with cooling off period of 15 minutes. For such instances, the Stock Exchanges shall give appropriate notice to the market along with all the relevant details and justification for the same.
Now SEBI has allowed, Only in the event of exceptional circumstances, where there is extreme price movement, beyond the initial slab of the DPL, in the international markets, during trading hours or after the closure of trading on domestic exchanges, the stock exchanges can relax the DPL directly by the required level, by giving appropriate notice to the market.
The provision of the said SEBI circular shall be effective immediately.