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 Session||Evening Session|
|01-01-2023||Sunday||New Year’s Day||Open||Closed|
|14-04-2023||Friday||Dr.Baba Saheb Ambedkar Jayanti||Closed||Closed|
|22-04-2023||Saturday||Eid-ul-Fitr (Ramzan ID)||Closed||Closed|
|28-06-2023||Wednesday||Bakri Id/Eid ul-Adha||Closed||Open|
|02-10-2023||Monday||Mahatma Gandhi Jayanti||Closed||Closed|
|27-11-2023||Monday||Guru Nanak Jayanti||Closed||Open|
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.
|14-04-2023||Friday||Dr.Baba Saheb Ambedkar Jayanti|
|28-06-2023||Wednesday||Bakri Id/Eid ul-Adha|
|16-08-2023||Wednesday||Parsi New Year|
|02-10-2023||Monday||Mahatma Gandhi Jayanti|
|27-11-2023||Monday||Guru Nanak Jayanti|
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.
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!