MCX Restricts Trading to Evening Session on January 15 Due to Maharashtra Elections
MCX has restricted trading to evening hours only on January 15, 2025, due to Maharashtra Municipal Corporation elections. The morning session will remain closed, with commodity trading available from 5:00 PM to 11:55 PM, and agricultural commodities limited until 9:00 PM. This coincides with complete closure of Indian stock markets on the same day.

*this image is generated using AI for illustrative purposes only.
The Multi Commodity Exchange (MCX) has announced modified trading hours for January 15, 2025, restricting operations to evening sessions only due to Municipal Corporation elections being held in Maharashtra. The commodities derivative exchange platform issued a circular on January 12 detailing these temporary changes to its regular trading schedule.
Trading Schedule Modifications
The exchange will remain closed for its morning trading session, which typically operates from 9:00 AM to 5:00 PM. Instead, trading activities will be limited to the evening session, running from 5:00 PM to 11:55 PM. This restriction affects all major commodity contracts, including popular bullion options like gold and silver.
| Trading Session | Regular Hours | January 15 Hours |
|---|---|---|
| Morning Session | 9:00 AM - 5:00 PM | Closed |
| Evening Session | 5:00 PM - 11:55 PM | Operational |
| Agricultural Commodities | Full sessions | Until 9:00 PM only |
Agricultural Commodity Restrictions
Select agricultural commodities will face additional limitations, with trading permitted only until 9:00 PM instead of the full evening session duration. This further narrows the trading window for agricultural products compared to other commodity categories.
Regular MCX Operations
Under normal circumstances, MCX operates dual trading sessions Monday through Friday. The morning session runs from 9:00 AM to 5:00 PM, while the evening session extends from 5:00 PM to either 11:30 PM or 11:55 PM IST during U.S. daylight saving periods. The evening session is specifically designed to overlap with global commodity markets and facilitates trading in non-agricultural commodities including metals and energy products such as gold, silver, and crude oil.
Broader Market Impact
The MCX schedule adjustment coincides with a complete closure of Indian stock markets on January 15. Both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) have confirmed trading holidays across all segments, including equity, equity derivatives, commodity derivatives, and electronic gold receipts. The BSE has also announced that equity derivatives contracts originally scheduled to expire on January 15, 2025, will now expire a day earlier on January 14, 2025, with changes reflected in end-of-day contract master files.
Historical Stock Returns for MCX
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.38% | -5.59% | +5.44% | +39.94% | +99.32% | +581.28% |


































