Introduction
As a trader, you might already know the importance of timing in executing a successful trade. This is especially true for the commodity market, where things move swiftly. You want to lock in your buying or selling price quickly.
If you trade in the commodity market, you will primarily deal in Multi Commodity Exchange (MCX). Comprising different indices like the Base Metal Index, the Bullion Index, the Energy Index, and eight single-commodity indices, the MCX is India's largest commodity exchange.
For the most optimal trading experience, it is crucial to track the MCX Trading Calendar. You can look into the MCX trade timings and Holidays to strategise your trading activity to get the best output.
MCX Market Timings
Like Stock Exchanges, MCX trading in commodities has specific market timings. It operates from Monday to Friday and remains closed on Sundays and Saturdays and declared market holidays.
The MCX market timings on operational days are:
- Morning Session: Starts at 9:00 am and ends at 5:00 pm.
- Evening Session: Starts at 5:00 pm and ends at 11:30 pm. The evening session timings are revised twice a year to sync with the US daylight savings. The session closes normally at 11:30 pm during summer and extends to 11:55 pm during winter.
MCX primarily trades non-agricultural commodities. However, internationally linked agricultural commodities are traded on MCX between 5:00 pm - 9:00 pm.
MCX Holidays in 2024
Here's a list of MCX Holidays in 2024 to help you proactively prepare:
|
Sr. No
|
Holiday |
Date |
Day |
Morning Session |
Evening Session |
| 1 |
New Year |
1st January 2024 |
Monday |
Open |
Closed |
| 2 |
Republic Day |
26th January 2024 |
Friday |
Closed |
Closed |
| 3 |
Mahashivratri |
8th March 2024 |
Friday |
Closed |
Open |
| 4 |
Holi Rang Panchami (2nd Day) |
25th March 2024 |
Monday |
Closed |
Open |
| 5 |
Good Friday |
29th March 2024 |
Friday |
Closed |
Closed |
| 6 |
Id-ul-Fitr (Ramadan Eid) |
11th April 2024 |
Thursday |
Closed |
Open |
| 7 |
Shri Ram Navmi |
17th April 2024 |
Wednesday |
Closed |
Open |
| 8 |
Maharashtra Din |
1st May 2024 |
Wednesday |
Closed |
Open |
| 9 |
Parliamentary Election |
20th May 2024 |
Monday |
Closed |
Open |
| 1 |
Bakri Id |
17th June 2024 |
Monday |
Closed |
Open |
| 11 |
Moharram |
17th July 2024 |
Wednesday |
Closed |
Open |
| 12 |
Independence Day/Parsi New Year |
15th August 2024 |
Thursday |
Closed |
Closed |
| 13 |
Mahatma Gandhi Jayanti |
2nd October 2024 |
Wednesday |
Closed |
Closed |
| 14 |
Diwali Laxmi Pujan * |
1st November 2024 |
Friday |
Closed |
Open |
| 15 |
Guru Nanak Jayanti |
15th November 2024 |
Friday |
Closed |
Open |
| 16 |
Christmas |
25th December 2024 |
Wednesday |
Closed |
Closed |
Note: A one-hour trading window on 1st November 2024 – Diwali Laxmi Pujan is to stay open. MCX will subsequently notify timings for this Muhurat trading.
MCX Holidays for Clearing and Settlement in 2024
The clearance for your trading transactions won't take place on the following days in 2024:
| Sr. No |
Holiday |
Date |
Day |
| 1 |
New Year |
1St January 2024 |
Monday |
| 2 |
Shri Ramlala Pran Pratishtha Din |
22nd January 2024 |
Monday |
| 3 |
Republic Day |
26th January 2024 |
Friday |
| 4 |
Shri Chhatrapati Shivaji Maharaj Jayanti |
19th February 2024 |
Monday |
| 5 |
Mahashivratri |
8th March 2024 |
Friday |
| 6 |
Holi (2nd Day) |
25th March 2024 |
Monday |
| 7 |
Good Friday |
29th March 2024 |
Friday |
| 8 |
Gudi Padwa |
9th April 2024 |
Tuesday |
| 9 |
Id-ul-fitr (Ramadan Eid) |
11th April 2024 |
Thursday |
| 10 |
Shri Ram Navmi |
17th April 2024 |
Wednesday |
| 11 |
Maharashtra Day |
1st May 2024 |
Wednesday |
| 12 |
Buddha Pournima |
23rd May 2024 |
Thursday |
| 13 |
Bakri Id |
17th June 2024 |
Monday |
| 14 |
Moharram |
17th July 2024 |
Wednesday |
| 15 |
Independence Day/Parsi New Year |
15th August 2024 |
Thursday |
| 16 |
Id-e-Milad |
16th September 2024 |
Monday |
| 17 |
Mahatma Gandhi Jayanti |
2nd October 2024 |
Wednesday |
| 18 |
Diwali Laxmi Pujan * |
1st November 2024 |
Friday |
| 19 |
Guru Nanak Jayanti |
15th November 2024 |
Friday |
| 20 |
Christmas |
25th December 2024 |
Wednesday |
All banks will follow this holiday list. The pay-in and pay-out settlement on the specified days will be carried forward to the next banking day. Thus, it helps to maintain a sufficient margin with the clearing corporation if you are active in trading sessions on these days to enjoy uninterrupted activity.
Why are Commodity Trading Holidays scheduled?
The Commodity Market gets a break during these holidays. You can also enjoy your festivities and participate in National Holidays freely. Besides, these breaks facilitate maintenance and regulatory compliance checks.
Conclusion
By going through the MCX holidays list, you can strategically plan your trading activities. Thus, you get to avoid disruptions to your open positions in the market. When you review the MCX trading calendar, you can adjust your position sizes. You can check how these holidays affect the volatility in the commodity market and make befitting decisions. You may also analyse the prevailing market trends during and after such holidays.
Trending Blogs: NSE Holidays 2024 | BSE Holidays 2024 | Invest in Small Cap & Mid Cap Mutual Fund & Stocks | Companies affected by Rise in Crude Oil Price | NSE Launches Nifty EV | Launch of 4 New Indices | Revised Lot Size of Nifty Contracts | Electric Air Taxis in India
Financial Calculators: Compound Interest Calculator | EMI Calculator | SIP Calculator | SWP Calculator | RD Calculator | NPS Calculator | PPF Calculator | Mutual Fund Returns Calculator | Inflation Calculator