MCX Holidays 2023
In 2003, NCDEX and MCX were established and became active commodity exchanges. Until 2016, both the NCDEX and the MCX were governed by the Forward Markets Commission (FMC). In the 2016 Union Budget, the government decided to integrate them into SEBI. Since then, SEBI has controlled the two major commodities exchanges.
|Sr.No||National Holiday||Date 2023||Day||Morning Session||Evening Session*|
|1||Republic Day||January 26||Thursday||Closed||Closed|
|3||Ram Navami||March 30||Thursday||Closed||Closed|
|4||Mahavir Jayanti||April 04||Tuesday||Closed||Open|
|5||Good Friday||April 07||Friday||Closed||Closed|
|6||Dr.Baba Saheb Ambedkar Jayanti||April 14||Friday||Closed||Closed|
|7||Maharashtra Day||May 01||Monday||Closed||Open|
|8||Bakri Id||June 28||Wednesday||Closed||Open|
|9||Independence Day||August 15||Tuesday||Closed||Closed|
|10||Ganesh Chaturthi||September 19||Tuesday||Closed||Open|
|11||Mahatma Gandhi Jayanti||October 02||Monday||Closed||Closed|
|14||Gurunanak Jayanti||November 27||Monday||Closed||Open|
Morning session: 10 a.m. to 5:00 p.m. Evening session - 5:00 p.m. to 11:30 p.m./11:55 p.m.
*5:00 p.m. to 9:00 p.m./9:30 p.m. for Agricultural Products with International Connections
**Times for Muhurat trading will be communicated by the exchange in the future.
About Multi-commodity Exchange of India (MCX/NCDEX)
When it comes to the trading of commodities in India, MCX MCX, or Multi Commodity Exchange and NCDEX, or National Commodity & Derivative Exchange Limited, are two of the most well-known names in commodity trading. Both of these function in a way that is similar to that of stock exchanges; however, the primary distinction between the two is that they trade in commodities rather than shares and equity indexes.
Products of MCX/NCDEX
MCX is more well-known for its trading in metals and energy items, whilst the NCDEX focuses more on agricultural commodities as its primary area of expertise. Some of the notable products are mentioned in the table.
|40 products such as metals, gold, silver, and bullion, among others.||34 agricultural products, such as grains, oils, oilseeds, etc.|
MCX/NCDEX Trading Schedule
Every day of the week, from Monday through Friday, investors in the exchange's Commodity Derivatives market engage in trading activities. This excludes Saturdays and Sundays as well as holidays announced by the Exchange in advance and communicated to exchange members. The timings of the commodities derivatives market sector are as follows: