MCX stands for the Multi-commodity Exchange of India Limited. Being the first registered exchange in India, MCX provides a comprehensive platform for online trading, risk control, settlement and clearing of commodity derivative trades.
List Of MCX Holidays 2018
MCX operates five days a week, i.e., Monday – Friday, and remains closed on all Saturdays, Sundays and holidays announced by the exchange for a particular calendar year. The following table summarises the MCX holidays 2018:
|Festival Name||Date||Day||Morning session||Evening session|
|New Year Day||01 January 2018||Monday||Open||Remains closed|
|Republic Day||26 January 2018||Friday||Remains closed||Remains closed|
|Mahashivaratri||13 February 2018||Tuesday||Remains closed||Open|
|Holi||02 March 2018||Friday||Remains closed||Open|
|Mahavir Jayanti||29 March 2018||Thursday||Remains closed||Open|
|Good Friday||30 March 2018||Friday||Remains closed||Remains closed|
|Tuesday||O1 May 2018||Tuesday||Remains closed||Open|
|Independence Day||15 August 2018||Wednesday||Remains closed||Remains closed|
|Bakri ID||22 August 2018||Wednesday||Remains closed||Open|
|Ganesh Chaturthi||13 September 2018||Thursday||Remains closed||Open|
|Muharram||20 September 2018||Thursday||Remains closed||Open|
|Gandhi Jayanti||02 October 2018||Tuesday||Remains closed||Remains closed|
|Dussehra||18 October 2018||Thursday||Remains closed||Open|
|Diwali (Lakshmi Pooja)||07 November 2018||Wednesday||Remains closed||Open|
|Diwali (Balipratipada)||08 November 2018||Thursday||Remains closed||Open|
|Guru Nanak Jayanti||23 November 2018||Friday||Remains closed||Open|
|Christmas||25 December 2018||Tuesday||Remains closed||Remains closed|
Note: Morning session takes place between 10:00 a.m. to 05:00 p.m. whereas evening session is between 05:00 p.m. to 11:55 p.m. The timing of evening trading session will be revised twice a year in order to conform to confront to the US daylight savings time. Usually, evening session closes at 11:30 p.m. during the summer and 11:55 p.m. during the winter season.
MCX Holidays That Fall On Saturdays And Sundays 2018
|15 March 2018||Sunday||Ram Navami|
|14 April 2018||Saturday||Dr B R Ambedkar Jayanti|
|16 June 2018||Saturday||Ramzan ID|
Diwali Muhurat Trading 2018 (Lakshmi Pooja)
On 07 November 2018, which falls on Wednesday, Muhurat Trading shall be organised for the commodity segment. Muhurat Trading shall be organised by the MCX exchange on Wednesday, 07 November 2018 for the currency trading segment. The exchange declares the timings of Muhurat Trading later on. On Diwali Festival, future contracts for all types of financial derivatives shall be available for Muhurat Trading.
Importance Of Making A Note Of MCX Holidays 2018
Online traders, who make a note of MCX holidays 2018, can plan trading activities in advance. MCX holidays remain the same for all types of investors across all states. They differ from bank holidays. On an MCX holiday, investors can neither place a new order nor close an existing order. So, referring to the holiday list is advantageous.
Commodity And Exchange (COMEX) Holidays 2018 (Trading Holidays – International Markets)
|Dr Martin Luther King, Jr Birthday||15 January 2018||COMEX|
|President’s Day||19 February 2018||COMEX|
|Good Friday||30 March 2018||COMEX|
|Memorial Day||28 May 2018||COMEX|
|Independence Day||04 July 2018||COMEX|
|Labor Day||03 September 2018||COMEX|
|Columbus Day||08 October 2018||COMEX|
|Veteran’s Day||12 November 2018||COMEX|
|Thanksgiving Day||22 November 2018||COMEX|
|Christmas Day||25 December 2018||COMEX|
|New Year’s Eve||01 January 2019||COMEX|
Overview Of Multi-commodity Exchange of India (MCX)
COMEX is a comprehensive commodity derivatives exchange. It began its operations in the month of November 2003. Securities and Exchange Board of India (SEBI) regulates the functioning of MCX, which facilitates trading commodity derivative contracts across a huge range of industry lines. MCX has its presence in more than 1,200 cities in India and has a network of 669 listed members and 51,575 certified individuals. The exchange is aimed at fostering societies, which are extremely important for the further advancement of its operations.
MCX offers an extensive range of products, which can be clubbed into 4 categories: bullion, base metals, energy and agricultural commodities. The bullion category includes silver, gold, silver mini, silver 1000, gold mini, gold metal, gold guinea etc. The category of base metals includes zinc, nickel, aluminum, brass, lead, nickel mini, zinc mini and nickel mini. The energy section includes natural gas, unrefined oil and crude oil mini. Finally, the agricultural commodities provided by MCX include mentha oil, cotton, black pepper, cardamom and crude-palm oil.
The aforementioned dates of regional public and restricted holidays have been taken from the most authenticated and latest references. There is a possibility that the holiday dates for certain Islamic festivals and the festivals of other communities may be revised later on. We are not responsible under such circumstances.