India is a culturally diverse country and many festivals are celebrated here. Apart from holidays for festivals, there are national holidays and public holidays. Exchanges are open on all weekdays and remain closed on Saturdays, Sundays and a few other holidays. In this article, we take a look at the Multi Commodity Exchange of India Limited (MCX) holidays for 2022. Keep Reading to find out!
Multi Commodity Exchange of India Limited (MCX)
The Multi Commodity Exchange of India Limited (MCX) is India’s first listed exchange and it operates under the regulatory framework of SEBI (The Securities and Exchange Board of India). It provides secure and transparent trade mechanisms for trading in agricultural commodities (pulses, grains, edible oils, etc.), energy (natural gas, crude oil, etc.), base metals (aluminium, copper, steel, etc.), precious metals (gold, silver, etc.). It provides a comprehensive platform for online trading, settlement, risk control and clearing of commodity derivative trades.
It works in two sessions per day, i.e., the morning session and the evening session. The morning session is between 10:00 a.m. and 05:00 p.m. and the evening session is between 05:00 p.m. to 11:30 p.m. during summer and between 05:00 p.m. and 11:55 p.m. during winter.
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MCX Holidays in India for 2022
The MCX has announced the list of trading holidays for this year. It is closed on certain public holidays and on a few state-specific holidays, apart from national holidays. Since MCX is based in Mumbai, Maharashtra Day is an MCX holiday. There are 19 MCX holidays this year, out of which 13 are on weekdays and 6 are on weekends.
Here is a list of MCX Holidays in India for the year 2022
| Holiday | Date | Day | Morning Session | Evening Session |
|---|---|---|---|---|
| Republic Day | January 26, 2022 | Wednesday | Closed | Closed |
| Mahashivratri | March 01, 2022 | Tuesday | Closed | Open |
| Holi (2nd day) | March 18, 2022 | Friday | Closed | Open |
| Mahavir Jayanti / Ambedkar Jayanti | April 14, 2022 | Thursday | Closed | Open |
| Good Friday | April 15, 2022 | Friday | Closed | Closed |
| Ramzan Id (Id-Ul-Fitr) | May 03, 2022 | Tuesday | Closed | Open |
| Moharram | August 09, 2022 | Tuesday | Closed | Open |
| Independence Day | August 15, 2022 | Monday | Closed | Closed |
| Ganesh Chaturthi | August 31, 2022 | Wednesday | Closed | Open |
| Dassera | October 05, 2022 | Wednesday | Closed | Open |
| Diwali- Lakshmi Pujan* | October 24, 2022 | Monday | Closed | Open* |
| Diwali Balipratipada | October 26, 2022 | Wednesday | Closed | Open |
| Gurunanak Jayanti | November 08, 2022 | Tuesday | Closed | Open |
| Holiday | Date | Day |
|---|---|---|
| New Year Day | January 01, 2022 | Saturday |
| Ram Navami | April 10, 2022 | Sunday |
| Maharashtra Day | May 01, 2022 | Sunday |
| Bakri Id | July 10, 2022 | Sunday |
| Mahatma Gandhi Jayanti | October 02, 2022 | Sunday |
| Christmas | December 25, 2022 | Sunday |
*Note: Muhurat Trading will be held on 24th October 2022, Monday. The exchanges are yet to notify the time.
In Closing
Why should you make a note of MCX Holidays in India, 2022? Making a list of MCX holidays will help you to plan trading activities in advance. They differ from bank holidays and on MCX holidays, investors cannot place a new order or close an existing order. Trading involves risk and things are better when they are planned for. That’s all for this post. Happy Trading!
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