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MCX Trading Holidays 2023

The Multi Commodity Exchange (MCX) is open for more than 14 hours across two sessions, 5 days a week. However, one or more trading sessions on the exchange may be closed due to public holidays. 

Knowing these MCX Trading Holidays 2023 can help you become an informed trader.  In fact, it can help you understand exactly when you’ll be able to relax and take time off to either rest or study charts and historical data. 

To make your research easier, we’ve compiled the complete list of MCX holidays and insights into how these holidays impact the market, specifically, the liquidity of commodities. 

MCX Trading Holidays 2023

The following list of MCX holidays 2023 will serve as your go-to resource, providing the precise dates on which MCX will be closed for trading.

Date Day Holiday Morning SessionEvening Session
01-01-2023 Sunday New Year’s Day Open Closed
26-01-2023 Thursday Republic Day ClosedClosed
18-02-2023 Saturday Maha Shivaratri ClosedOpen
07-03-2023 TuesdayHoli ClosedOpen
30-03-2023 Thursday Ram Navami ClosedClosed
04-04-2023 Tuesday Mahavir Jayanti ClosedOpen
07-04-2023 Friday Good Friday ClosedClosed
14-04-2023 Friday Dr.Baba Saheb Ambedkar Jayanti ClosedClosed
22-04-2023 Saturday Eid-ul-Fitr (Ramzan ID) ClosedClosed
01-05-2023 Monday Maharashtra Day ClosedOpen
28-06-2023 Wednesday Bakri Id/Eid ul-Adha ClosedOpen
29-07-2023 Saturday Muharram ClosedOpen
15-08-2023 Tuesday Independence Day ClosedClosed
19-09-2023 Tuesday Ganesh Chaturthi ClosedOpen
02-10-2023 Monday Mahatma Gandhi Jayanti ClosedClosed
24-10-2023 Tuesday DussehraClosedOpen
12-11-2023 Sunday Diwali-Laxmi Pujan ClosedOpen
14-11-2023 Tuesday Diwali-Balipratipada ClosedOpen
27-11-2023 Monday Guru Nanak Jayanti ClosedOpen
25-12-2023 Monday Christmas ClosedClosed

MCX will remain shut partially or fully for 15 days in 2023. In fact, both sessions on MCX will be closed for 5 days, while the other 10 days will have either an active morning or evening session. You’ll also notice that there are 5 holidays that fall on a weekend.

Apart from these holidays, MCX remains shut on Saturdays and Sundays. What’s important to note is Muhurat Trading. While Diwali is a holiday, MCX as well as other exchanges like NSE and BSE conduct a special trading session. 

Typically, MCX organizes the Muhurat Trading session from 6.15 PM to 7.15 PM. The date and time for this year’s Muhurat Trading session will be announced shortly by MCX. 

Read 👉 MCX Market Timing 2023

MCX Settlement Holidays 2023

It’s also important to note that some holidays that fall on Saturdays and Sundays are not trading holidays but settlement holidays. Orders placed and delivery due on these days are processed the next working day. 

DateDayHoliday
26-01-2023 Thursday Republic Day 
07-03-2023 TuesdayHoli 
22-03-2023WednesdayGudi Padwa
30-03-2023 Thursday Ram Navami 
04-04-2023 Tuesday Mahavir Jayanti 
07-04-2023 Friday Good Friday 
14-04-2023 Friday Dr.Baba Saheb Ambedkar Jayanti 
01-05-2023 Monday Maharashtra Day 
05-05-2023 FridayBuddha Purnima
28-06-2023 Wednesday Bakri Id/Eid ul-Adha 
15-08-2023 Tuesday Independence Day 
16-08-2023 WednesdayParsi New Year
19-09-2023 Tuesday Ganesh Chaturthi 
28-09-2023 ThursdayEid-E-Milad
02-10-2023 Monday Mahatma Gandhi Jayanti 
24-10-2023 Tuesday Dussehra
14-11-2023 Tuesday Diwali-Balipratipada 
27-11-2023 Monday Guru Nanak Jayanti 
25-12-2023 Monday Christmas 

Importance of MCX Holidays 2023

As an MCX trader, your success hinges on market participation and informed strategic planning. An integral part of your commodity futures or options trading strategy should be understanding the role of MCX holidays and how they influence the commodity market.

These holidays directly impact the liquidity and availability of commodities, creating distinct opportunities and challenges. 

For instance, you might notice a surge in activity in the days leading up to a full-day holiday as other traders adjust their positions. Similarly, you may observe fluctuations post-holiday as the market responds to accumulated news and events.

Your strategy could involve anticipating these shifts and adjusting your trades accordingly. Keeping a check on the MCX holiday calendar, forecasting potential impacts, and aligning your trading plans can help you effectively manage your positions.

Remember, being a well-informed trader means more than just being active on trading days – it also means strategically planning for non-trading days. This foresight can make a significant difference in your commodity trading journey.

Conclusion

Reflecting on the MCX Trading Holidays 2023, it’s evident that these breaks are more than just days off from the fast-paced world of online commodity trading. They’re opportunities for you to rest, rejuvenate, and reassess your trading strategy. 

These holidays, part of the larger rhythm of the financial markets, offer you the chance to step back, analyze market trends, and adjust your strategy for the days ahead. Whether you’re an experienced trader or a novice, consider keeping this list of MCX holidays 2023 bookmarked. If you like this, then you’ll love the Commodity Trading Experience on Dhan!

Shriram Shekhar

Simplifying trading & investing through meaningful content.

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