For most traders, the timings between 9:15 AM to 3:30 PM are quite crucial. This is because the markets are open during this time. However, it is generally the equity and the F&O market on NSE and BSE that function during this time.
The commodities market on MCX is open from 9 in the morning to 11:30 in the evening through weekdays. But the MCX trading time, as you may know, has been revised. But do you know why? Read on for a quick guide to the MCX trading time and all the related updates.
Updates on Revised MCX Trading Time
In the United States of America, clocks are moved forward in spring and back in fall for Daylight Savings Time (DST), giving more evening daylight. Starting November 4, 2024, MCX trading hours will be adjusted to align with these changes.
These revised timings will remain in effect until March 7, 2025. Please note that the revised time will include both of these dates. These changes aim to align market operations with global timing adjustments and ensure seamless trading.
The table below shows the revised timings:
|
Details |
Trade Timings |
|
Select Agri Commodities (Cotton, Crude Oil Options & Kapas) |
9:00 AM to 9:00 PM |
|
Non-Agri Commodities |
9:00 AM to 11:30 PM (With DST) 9:00 AM to 11:55 PM (Without DST) |
|
Other Commodities |
9:00 AM to 5:00 PM |
Understanding Commodity Market
Over the past few years, the financial markets have had a significant rise in the number of participants. The commodity market is becoming a preferred place for wealth creation opportunities. One of the key reasons is the convenient market timings. Thanks to a more well-spread period, traders of diverse backgrounds find the market accessible.
Simply put, the commodity market is similar to any marketplace where goods are bought and sold. The difference is that in a commodity market, derivative contracts are traded. In India, we classify these commodities as agricultural and non-agricultural. Here are the different exchanges where the sale and purchase of commodity derivative contracts take place:
- National Stock Exchange
- Bombay Stock Exchange
- Indian Commodity Exchange
- Multi Commodity Exchange of India
- National Commodity and Derivatives Exchange.
Multi Commodity Exchange of India
The Multi-Commodity Exchange of India Ltd. (MCX) stands as a prominent commodity exchange in India, providing a robust platform for trading a wide range of commodities. From precious and base metals to energy products and agricultural goods, MCX facilitates diverse trading opportunities for market participants.
Commodity Market Sessions
Let us take a look at the commodity market timing sessions in India:
1. Pre-Market Session
As the name suggests, the pre-market session takes place from 8:45 AM to 8:59 AM. During these 14 minutes, traders have the option to cancel any pending orders before regular trading starts. Please keep in mind that this pre-market session is exclusively offered on the Multi-Commodity Exchange of India (MCX).
2. Normal Trading Hours
Typically, there are two sessions in the commodity market. The morning session starts at 9 AM and ends at 5 AM. The second session, which is called the evening session starts at 5 PM and ends at 11:30 PM. As per the revised MCX trading time, during the DST in US, the evening session extends to 11:55 PM.
3. Muhurat Trading Session
Every year on the day of Diwali, a special one-hour trading session called the Muhurat session is held. It usually happens between 6:00 PM and 7:15 PM, but the exact timing is announced each year.
Considered to be an auspicious time, many believe trading during this time brings good luck and financial prosperity. These sessions let traders participate in the market while celebrating the festive and auspicious occasion of Diwali.
Conclusion
As a trader, it is imperative that you understand the MCX trading time and the changes that it undergoes. This can be helpful in being proactive and making the most of the movements in the market. When you know the schedules of the market, you will be in a stronger position to keep an eye on different exchanges.
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