MCX Holidays List 2024

MCX holidays can be a great time to review your trading goals. Here's a detailed list of MCX holidays in 2024.

One of the most essential parts of every country's economy is the commodities market, which trades agricultural goods and raw minerals. MCX is one of the exchanges operating in India's commodities market.

Traders and investors must know the commodity market timings to place their trades in accordance with the market's opening and closing times. Initially governed by the Forward Markets Commission (FMC), the Multi Commodity Exchange was founded in November 2003, and its headquarters are located in Mumbai. After FMC and SEBI merged in 2016, MCX came under SEBI's regulatory authority.

In this article, let's discover more about MCX's usual trading hours and MCX holidays. Learn how important it is to keep yourself informed about changes in trading hours and commodity market holidays.

About MCX

The Multi Commodity Exchange of India Ltd. (MCX) oversees the commodity market timing. Commodity derivative trading takes digitally on MCX, an exchange for commodities derivatives.

The platform provides trading opportunities for a range of commodities, such as base and precious metals, energy, and agricultural commodities. The following are the MCX trading hours for the various segments:

  • - Time of opening: 9:00 a.m.
  • - Time of closure: 11:30 p.m.
  • - There are morning and evening sessions on the MCX market.
  • - Time slot during the morning: 10:00 a.m. to 5:00 p.m.
  • - Time slot during the evening: 5 p.m. to 11 p.m. or 11:55 p.m.

Trading holidays for the calendar year 2024

Trading on MCX stays suspended on Saturdays and Sundays every week

Additionally, MCX releases a list of designated commodity holidays on which no trading will occur on the MCX market. All of the trading holidays, along with the days they fall on, are listed here.

S.No.National Holiday DateDayMorning SessionEvening Session
1.Republic Day26-Jan-2024FridayClosedClosed
2.Maha Shivaratri08-Mar-2024FridayClosedOpen
3.Holi25-Mar-2024MondayClosedOpen
4.Good Friday29-Mar-2024FridayClosedClosed
5.Eid-Ul-Fitr (Ramadan Eid)10-Apr-2024WednesdayClosedOpen
6.Ram Navami17-Apr-2024WednesdayClosedOpen
7.Maharashtra Day01-May-2024WednesdayClosedOpen
8.Bakra Eid17-June-2024MondayClosedOpen
9.Muharram17-July-2024WednesdayClosedOpen
10.Independence Day15-Aug-2024ThursdayClosedClosed
11.Mahatma Gandhi Jayanti02-Oct-2024WednesdayClosedClosed
12.Diwali-Laxmi Pujan * 01-Nov-2024FridayClosedOpen
13.Gurunanak Jayanti15-Nov-2024FridayClosedOpen
14.Christmas25-Dec-2024WednesdayClosedClosed

Is it possible for MCX to modify the holidays?

MCX has the authority to add additional holidays or change existing ones. Separate circulars will be issued to announce them.

The MCX commodities trading time and holidays are announced beforehand to assist traders in carefully planning their trades. National and regional holidays are included in the list of MCX trading holidays, and the morning session is closed on all of them.

Commodity market timing factors

While the most important and common factors that affect commodity market timing are market regulations and time zone differences, other factors are

Global market dynamics:Commodity trading times depend on worldwide supply and demand. For example, geopolitical events affecting the crude oil supply might influence trading hours to meet the growing demand.

Government policies and political events:Since market volatility may arise from changes in government policies and other economic data, trading hours might be extended due to this. The hours are extended to enable the market participants to respond and capitalise on these changes.

Conclusion

It is always a good idea for investors to know about commodity trading timing. Knowing about regular trading hours and holidays allows market players to take advantage of opportunities, minimise risks, and make well-informed choices.

FAQs

How many trading holidays are there in 2024 in India?

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According to the trading holiday calendar released by stock exchanges, traders will have up to seven extended weekends in 2024. Starting with Republic Day in January, there will be 14 trade holidays.

Is MCX closed on Saturday?

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The Multi-Commodity Exchange, often known as MCX, is open daily, from Monday through Friday. Like the BSE and NSE, the MCX is closed every Saturday.

Is MCX open on Diwali?

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The commodity market is closed for the morning session on Diwali in 2024. However, the market is open for the evening session from 5 p.m. to 11:30/11:55 p.m. The MCX also conducts a special Muhurat trading session on Diwali that will be announced later.

What is the best time to trade in MCX?

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The best time to trade in MCX depends on the commodity and the market conditions. However, some popular timings are the peak hours of 10 a.m. to 11:30 a.m., 6 p.m. to 8 p.m., and during the evening session when the US markets are open.

How do I start trading on MCX?

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To trade on MCX, you must first open a trading account with a registered commodity broker in India. Check if the broker is a member of the MCX and has the appropriate licences from the regulatory authorities, like SEBI.
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