Marker regulator SEBI recently allowed MCX to extend the trade timings. The extended trade timings (based on IST) for commodities traded on the MCX are as follows:
For internationally referenceable non-Agricultural commodities: 9AM to 11.30PM/11.55 PM
For Agricultural commodities: 9AM to 5PM
For internationally referenceable Agricultural commodities: 9AM to 9PM
Note above that in case of internationally referenceable non-Agricultural commodities, the closing timing is extended from 11.30PM to 11.55PM on account of a shift in Day Light Savings (DST). This usually falls between November and March each year. The exact dates for the change in timings to become effective are notified by the exchange a few days before the change in DST.
The trade timings of NCDEX are as mentioned below:
For internationally referenceable Agricultural commodities: 10AM to 9PM/9.30PM
For all other commodities: 10AM to 5PM
Note above that in case of internationally referenceable Agricultural commodities, the closing timing is extended from 9.00PM to 9.30PM on account of a shift in DST.
Both MCX and NCDEX are open for trading on weekdays only i.e. from Monday to Friday. The exchanges remain closed for trading on weekends i.e. Saturday and Sunday.
For agricultural commodities, we can see that the MCX remains open for trading longer than the NCDEX does, as it opens an hour earlier than the NCDEX.
Given the extended trading hours of commodity exchanges, the trade timings are divided into two parts. One is the morning session, which is from 9AM to 5PM; and the other is the evening session, which is from 5PM till the end of trading hours. Below mentioned is the list of event days when the MCX and NCDEX remain closed for the morning session or the evening session or both.
|MCX Holiday Calendar||NCDEX Holiday Calendar|
|Particulars||Morning session||Evening session||Morning session||Evening session|
|New Year Day||Open||Closed||Open||Closed|
|Guru Nanak Jayanti||Closed||Open||Closed||Closed|
Kindly note that the holidays mentioned above are for the current year (2019) and may change in the future. To stay up to date, we suggest you visit our HolidayCalendar periodically. Alternatively, one can also refer to the circulars that are released by the MCX and the NCDEX from time to time regarding market holidays.
Commodity Contracts & Specifications3 Lessons
Its important to understand the instruments as commodities have different specifications and are more diverse than equities in terms of trading units, base value and tick size.
Settlement of Commodity Contracts3 Lessons
In this chapter learn about how commodity contracts are settled in cash/physically. Learn about the delivery logic, tender period and delivery period of each commodity.