Holiday Calendar Of the Commodity Markets

A commodity market is a financial market where various commodities are listed and traded. You can trade in commodities through Derivative products. Primarily there are four broad categories of commodities you can trade in – energy, metal, livestock and meat, and agriculture. Given the demand and supply of these commodities their price change rapidly, by trading in them you get a chance to benefit from the price swings. Commodity trading also helps you create a diversified portfolio and hedge against inflation and geopolitical risks.

There are two major commodity markets in India – Multi Commodity Exchange (MCX) and National Commodity and Derivatives Exchange (NCDEX). Read to know more about these markets and obtain a detailed list of commodity market holidays.

About MCX

MCX was established in 2003 and has grown tremendously popular over the years. It is headquartered in Mumbai. Currently, the exchange processes approximately 60% of all commodity future trades in India. It offers a wide range of commodities for trading – agriculture products, metals, energy, currency, and soft commodities. You can easily trade in the exchange through your Trading Account.

About NCDEX

NCDEX was also established in 2003 and is headquartered in Mumbai. It is a pioneer of agriculture commodities trading in India. The exchange provides investors with incredible trading opportunities, assists in price discovery, and contributes to India’s growing agricultural sector. It closely controls 75- 80% of total agricultural trading in India. You can access and trade in the exchange via your Trading Account.

MCX and NCDEX holiday list

The commodity markets are open from Monday to Friday. The market operates in two sessions – morning and evening sessions. The morning session is from 10:00 am to 5:00 pm, and the evening session 5:00 pm to 11:30/11:55 pm. The evening session timings are from 5:00 pm to 9:00/9:30 pm for the trading of agricultural products with international connections.

Apart from the weekends, the market will remain closed on various cultural, religious, and government holidays. Either the market will remain closed for the whole day or only for a session. Refer to the following table for a comprehensive NCDEX and MCX holiday list:

Muhurat Trading will take place on Diwali i.e., November 12, 2023. The trading timings will be communicated by the exchanges on their respective website in the future.