MCX shares entered a new trading phase on January 2, 2026, as they began trading ex-split following the company's maiden stock split since its public listing in 2012. The stock was quoted at ₹2,218 at 1:11 pm, registering a gain of 0.91% from its adjusted opening price, after closing at ₹10,989 on Thursday.

Stock Split Details and Impact

The board-approved 1:5 stock split has restructured the share capital, with each equity share carrying a face value of ₹10 being subdivided into five shares with a face value of ₹2 each. This corporate action applies to all shareholders who held MCX shares as of Thursday's closing.

For practical understanding, an investor previously holding 50 shares now possesses 250 shares, though the total investment value remains unchanged due to proportionate price adjustment.

Trading Performance and Market Activity

The stock demonstrated strong market reception with robust trading activity. MCX opened at ₹2,230 and touched an intraday high of ₹2,278, which also represents its new 52-week high post-adjustment.

Some trading platforms initially displayed unadjusted Thursday prices, creating temporary confusion among investors who observed an apparent 80% decline, though this was merely a technical display issue that has since been resolved.

Shareholding Structure

MCX operates without promoter shareholding, with institutional and retail investors forming the ownership base. The shareholding pattern reflects diverse investor participation across categories.

Strategic Rationale and Price Adjustments

Companies typically implement stock splits to enhance liquidity and improve accessibility for retail investors by reducing the trading price without altering market capitalization. The adjusted 52-week low now stands at ₹881.63, recorded in March 2025, providing investors with updated reference points for technical analysis and investment decisions.

MCX and NCDEX have clarified their trading arrangements for January 1, 2026, with both commodity exchanges operating modified schedules on New Year's Day. The Multi Commodity Exchange of India will remain open for trading during the morning session from 9:00 AM to 5:00 PM while closing the evening session. Similarly, the National Commodity & Derivatives Exchange will follow the same pattern, operating morning sessions while observing a holiday during evening hours.

New Year Trading Arrangements

Both exchanges have implemented special provisions for the first trading day of 2026:

Complete 2026 Holiday Schedule

The exchanges have released their comprehensive trading holiday calendar featuring 16 major holidays throughout 2026:

Weekend Holidays and Special Sessions

Additional holidays falling on weekends include Mahashivratri (February 15), Id-Ul-Fitr (March 21), Independence Day (August 15), and Diwali Laxmi Pujan (November 8). Both exchanges will conduct special Muhurat Trading sessions on November 8, 2026, with specific timings to be announced later.

Global Market Context

Most major international markets including China, Hong Kong, Japan, Singapore, France, Germany, UAE, UK, and US will remain completely closed on January 1, 2026. Chinese and Japanese markets will observe extended New Year holidays continuing through January 2, highlighting the coordinated approach of Indian commodity exchanges in maintaining partial operations during the global holiday period.