WHAT ARE THE TRADING TIMETABLES IN THE COMMODITY MARKET

One of the things to understand about commodity trading is that the commodity market hours are much longer. To understand the commodity market hours in India, let us look at some important aspects of the commodity market hours as well as the list of commodity market holidays.

COMMODITY MARKET HOURS

For commodity market trading hours, we will look at the actual commodity market hours as well as the list of trading and clearing holidays.

Here are the normal market hours for the commodities markets.

Trading on the Commodity Derivatives segment of the exchange will take place every weekday from Monday to Friday. This excludes Saturdays and Sundays and public holidays declared in advance by the Exchange and notified to members of the Exchange. The market timings of the commodity derivatives segment are:

  • Normal opening of the market: 09:00
  • Normal closing of the market: 11:30 p.m.

Since commodity trading can only take place on stipulated trading days on commodity exchanges, let’s also look at the list of trading holidays and clearing holidays. Below is the complete list of commercial holidays for this year and this list changes every year.

Commodity category Trade start time Trade end time (after start of DST in spring) Trade end time (after DST ends in spring)
Non-agricultural products of international reference 09:00 11:30 p.m. 11:55 p.m.
Trade modification 11:45 p.m. 11:59 p.m.
Position Limit/Guarantee Value Setup/Limit End Time 11:45 p.m. 11:59 p.m.

Since commodity trading can only take place on stipulated trading days on commodity exchanges, let’s also look at the list of trading holidays and clearing holidays. Below is the complete list of commercial holidays for this year and this list changes every year.

Sr No Date Day The description
1 26-Jan-2021 Tuesday republic day
2 02-Apr-2021 Friday Good Friday

However, many public holidays fall on a Saturday or Sunday and would therefore be considered commercial holidays. Here is a list of commercial holidays that fall on a weekend.

Sr No Date Day The description
1 25-Apr-2021 Sunday Mahavir Jayanti
2 01-May-2021 Saturday Maharashtra Day
3 August 15, 2021 Sunday independence day
4 02-Oct-2021 Saturday Mahatma Gandhi Jayanti
5 25-Dec-2021 Saturday Christmas

Several holidays may not be trading holidays for commodity markets, but could be clearing holidays. These are days when banks are not operating, so commodity trades for that date cannot be cleared and will be cleared on the next business day. Here is a list of these holidays.

Sr No Date Day The description
1 26-Jan-2021 Tuesday republic day
2 19-Feb-2021 Friday Chhatrapati Shivaji Maharaj Jayanti
3 March 11, 2021 Thusday Mahashivratri
4 March 29, 2021 Monday holi
5 01-Apr-2021 Thusday Annual bank closing
6 02-Apr-2021 Friday Good Friday
7 13-Apr-2021 Tuesday Gudi Padwa
8 14-Apr-2021 Wednesday . Babasaheb Ambedkar Jayanti
9 21-Apr-2021 Wednesday Ram Navami
ten 13-May-2021 Thusday Id-Ul-Fitr (Ramzan Id)
11 26-May-2021 Wednesday Buddha Purnima
12 -July-2021 Wednesday Bakri ID
13 August 16, 2021 Monday parsi new year
14 August 19, 2021 Thusday Muharram
15 10-Sep-2021 Friday Ganesh Chaturti
16 15-Oct-2021 Friday Dussehra
17 Oct 19, 2021 Tuesday Id-E-Milad
18 04-Nov-2021 Thusday Diwali – Laxmi Pujan
19 05-Nov-2021 Friday Diwali-Balipratipada
20 19-Nov-2021 Friday Guru Nanak Jayanti

Commodity traders should plan their trading and deliveries accordingly, keeping these trading and clearing holidays in mind.

STOCK MARKET HOURS (STOCKS)

negotiation session

The pre-open session will last 15 minutes from 9:00 am to 9:15 am. The pre-opening session includes the order entry period and the order matching period.

The pre-open session will consist of two sessions viz.

  • Order entry period.
  • Order matching period.

After the order matching period, there is also a buffer period to ease the transition from pre-opening to ongoing session

Order entry period

  • The order entry period is 8* minutes, during which order entry, modification and cancellation are permitted. (* – System controlled random stop between 7th and 8th minute)
  • Limit and market orders will be permitted.
  • Dissemination of the indicative equilibrium price, the indicative matchable quantity and the indicative values ​​of the index

Order matching period

  • The order matching period will begin immediately after the end of the order entry period. During this period, no order additions/modifications/cancellations will be allowed.
  • The next step is determining the opening price and confirming the trade.

Trading session continues 9:15 a.m. – 3:30 p.m. Trades occur continuously when orders match time/price priority

With the introduction of the call auction session, the trading day will look like this:

Chart source: www.bseindia.com

The continuous trading session will only start after the end of the pre-opening session. The two trading sessions, the continuous and call (pre-open) auction sessions will not take place simultaneously.

The block trading session (35 minutes) will start with the start of the continuous session.

Comments are closed.