What are the Trading Hours of the MCX Market?
Yes, the MCX market is open for trading during specific hours. As an investor or trader, it is important to know the MCX trading hours to plan your trading strategy effectively. In this article, we’ll explore the trading hours of the MCX Market and provide a comprehensive understanding of the market’s operation hours.
Overview of the MCX Market
The MCX market is a commodity exchange where buyers and sellers trade in a wide range of commodities, including agricultural products, non-ferrous and ferrous metals, energy, and bullion. The exchange operates in India and allows investors and traders to trade in various commodities electronically. It is a regulated body that provides transparency in pricing and facilitates efficient trading of commodities.
MCX Trading Hours
The MCX market has two trading sessions. They are:
Morning Session
The morning session on the MCX market starts at 09:00 AM and ends at 05:00 PM. It includes regular trading hours and a pre-open session. The pre-open session is a time slot for placing orders, which lasts between 09:00 AM to 09:45 AM. During this time, orders can be placed, modified, or canceled, but trading doesn’t start. The purpose of the pre-open session is to discover the market equilibrium price before regular trading begins. The regular trading hours start at 09:45 AM and end at 05:00 PM.
Evening Session
The evening session on the MCX market starts at 05:00 PM and ends at 11:30 PM. It includes an extended trading period during which investors can continue trading. The evening session is only for trading in Non-Agri products such as Bullion, Energy, and Metals. Agricultural commodities are not traded in the evening trading session.
Benefits of Knowing MCX Trading Hours
Knowing the MCX trading hours has several benefits for investors and traders. Below are a few benefits:
- Helps you plan your trading strategy effectively by understanding the market’s opening and closing times
- Provides clarity on the pricing and trading of commodities during specific hours
- Allows traders to take advantage of price movements during regular and extended trading hours
- Helps in managing risk by knowing when to enter and exit a trade
- Limits the risk of unexpected events by avoiding trading during non-market hours
By Astrobulls research pvt ltd