One thing to keep in mind when it comes to commodity market timings in india is that the market hours are significantly longer. Let’s take a look at a certain key component of commodity market timings, and also a list of commodity market holidays, to better comprehend commodity market Time in India.
Table of Contents
Commodity Market Timings in India
For commodity market trading hours, we’ll look at the market’s actual hours, as well as the list of trading and clearing holidays. The following are the standard commodity Trading Time:
Working Days
The exchange’s Commodity Derivatives component will be open for trading Monday through Friday. This excludes Saturdays and Sundays, as well as holidays specified in advance by the Exchange and communicated to its members.
Commodity Market Time
The derivatives segment’s commodity market timings are as follows:
Special Season
8:45 am to 8:59 am, from Monday through Friday. Prior to the market opening, a special session called a “order cancellation session” is held to cancel any pending orders.
Normal Timing
9:00 a.m. to 11:30 p.m., Monday through Friday.
(up to 11:55 p.m. due to daylight savings time, which normally occurs between November and March of each year) Agri-commodities are accessible for futures trading until 5:00 p.m., while bullions, metals, and energy products are only available until 11:30 p.m. or 11.55 p.m., and international referenceable agri-commodities are only available until 9:00 p.m., according to SEBI’s notification.
- Commodity Market Open: 09:00 hrs
- Commodity Market Close: 23:30 hrs
| Commodity Section | Trading starts at | Trade end timing (after start of us daylight savings in spring season) | Trade end timing (after end of us daylight savings in spring season) |
| Globally Referenced Non-Agri Commodities | 09:00 AM | 11:30 PM | 11:55 PM |
| Trade amendments | 11:45 PM | 11:59 PM | |
| Position Limit/Collateral value set-up /cut-off end timing | 11:45 PM | 11:59 PM |
Commodity Trading Holidays
Since commodity trading can only take place on the commodities exchanges’ designated trading days, let’s have a look at the list of trading and clearing holidays. The whole list of trading holidays for this year is listed below, and this list varies each year.
| Serial Number | Date | Day | Holiday |
| 1 | 26-Jan-2023 | Tuesday | Republic Day |
| 2 | 07-Apr-2023 | Friday | Good Friday |
| 3 | 04-Apr-2023 | Sunday | Mahavir Jayanti |
| 4 | 01-May-2023 | Saturday | Maharashtra Day |
| 5 | 15-Aug-2023 | Sunday | Independence Day |
| 6 | 02-Oct-2023 | Saturday | Mahatma Gandhi Jayanti |
| 7 | 25-Dec-2023 | Saturday | Christmas |
Many holidays, nevertheless, fall on a Saturday or Sunday, and hence would be considered trading holidays.
Clearing Holidays
There are a number of holidays that are not trading holidays for commodity markets but may be clearing holidays. While banks are closed on some days, commodities trades for that date will not be cleared until the next banking day. A list of similar clearing holidays can be found here.
List of Trading Holidays of MCX Market in 2023
| DAY | DATE | HOLIDAY | COMMENTS |
|---|---|---|---|
| Sunday | Jan 01, 2023 | New Year’s Day | Evening Off |
| Thursday | Jan 26, 2023 | Republic Day | Full Day Off |
| Saturday | Feb 18, 2023 | Maha Shivaratri | Morning Off |
| Wednesday | Mar 08, 2023 | Holi | Morning Off |
| Thursday | Mar 30, 2023 | Ram Navami | Full Day Off |
| Tuesday | Apr 04, 2023 | Mahavir Jayanti | Morning Off |
| Friday | Apr 07, 2023 | Good Friday | Full Day Off |
| Friday | Apr 14, 2023 | Dr.Baba Saheb Ambedkar Jayanti | Full Day Off |
| Saturday | Apr 22, 2023 | Id-ul-Fitr (Ramzan ID) | Full Day Off |
| Monday | May 01, 2023 | Maharashtra Day | Morning Off |
| Wednesday | Jun 28, 2023 | Bakri Id / Eid ul-Adha | Morning Off |
| Saturday | Jul 29, 2023 | Muharram | Morning Off |
| Tuesday | Aug 15, 2023 | Independence Day | Full Day Off |
| Tuesday | Sep 19, 2023 | Ganesh Chaturthi | Morning Off |
| Monday | Oct 02, 2023 | Mathatma Gandhi Jayanti | Full Day Off |
| Tuesday | Oct 24, 2023 | Dasara | Morning Off |
| Sunday | Nov 12, 2023 | Diwali-Laxmi Pujan** | Morning Off |
| Tuesday | Nov 14, 2023 | Diwali-Balipratipada | Morning Off |
| Monday | Nov 27, 2023 | Guru Nanak Jayanti | Morning Off |
| Monday | Dec 25, 2023 | Christmas | Full Day Off |
Credit – MCX
Best Time to Trade Commodities
Because not all commodity trading hours will see the same degree of activity, knowing when to enter and exit the market to obtain the greatest outcomes for your strategy is critical.
Obviously, the optimum time of day to trade will differ by commodity market and each commodity exchange, but below are a few typical trading periods for commodities.
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WTI Crude Oil
WTI crude oil trades at a high volume during the usual pit trading hours of 6:30 pm to 12:00 pm IST.
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Agriculture
Any release of the World Agricultural Supply and Demand Estimates (WASDE) report would impact trading volume on agricultural markets, such as corn, wheat, and soybeans, and hence prices.
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Gold
Around the time the London session opens at 1:30 pm (IST) and the New York session opens at 2:30 pm (IST), there is normally more volatility (7:00 pm IST). This is because there is a rush of orders immediately when the opening bell rings.
Equity Market timings
The following table describes the entire stock market operation hours in India.
| S. No. | Name | Time |
| 1. | Pre-opening Trading Session | 9.00 a.m. – 9.15 a.m. |
| 2. | Normal Trading Session | 9.15 a.m. – 3.30 p.m. |
| 3. | Post-closing Trading Session | 3.30 p.m. – 4.00 p.m. |
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Pre-opening Session
The pre-opening session will start at 9:00 a.m. and end at 9:15 a.m. It’s also divided into three sections. During one of these segments, you can place orders to buy or sell stocks for a limited time. Let’s look at the details of the pre-opening meeting.
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Normal Trading Session
This is referred to as the nonstop trading session, which runs from 09:15 a.m. to 03:30 p.m. You have complete freedom to trade, issue buy or sell orders, and change or cancel your buy or sell orders during this time.
During this window of share market timings, a bilateral order matching approach is applied. This means that every sell order is matched with a buy order at the same price, and vice versa.
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Post-closing Session
This session begins at 3:30 p.m., after the regular trading session closes. The post-closing session is separated into two segments and lasts until 4:00 p.m.
The closing prices of equities are computed in the first segment using the weighted average of stock prices traded throughout 03:00 PM and 03:30 PM during these 10 minutes.
During the second portion of the 20-minute period, you can still make buy and sell orders. Orders, on the other hand, are only confirmed if there are enough buyers and sellers in the market.
Conclusion
Commodity trading timings are almost 24 hours a day, five days a week, with the exception of Friday evening through Sunday when the market is closed.
This is all from our side regarding Commodity Trading Time in India. Although, if you have any doubts you can just comment below about commodity market timings.
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FAQ About commodity market timings india
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Commodity market timings today
Commodity market timings today is 09:00 AM to 11:55 PM.
Crude oil trading time in India?
Crude oil trading time in India is 09:00 A.M. to 11:30 P.M. from Monday to Friday.
MCX trading time?
Agricultural commodities can be exchanged on all business days between 10:00 a.m. and 5:00 p.m. (Monday to Friday).
Commodity market timing in India 2021
Agricultural commodities can be exchanged on all business days throughout 09:00 a.m. and 5:00 p.m. (Monday to Friday). Non-agricultural commodities can be traded from 09:00 a.m. to 11:30 p.m. in the summer and 10:00 a.m. to 11:55 p.m. in the winter.
