What are Commodity Market Trading Hours?

Last Updated: 24 Oct 2024

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

Commodity Market Hours

For commodity market trading timings, we shall look at the actual timings of the commodity market and also at the list of trading and clearing holidays.

Here are the normal market timings for commodity markets.

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

• Normal Market Open: 09:00 hrs
• Normal Market Close: 23:30 hrs

Since commodity trading can only take place on the stipulated trading days on the commodity exchanges, let us also look at the list of trading holidays and clearing holidays. Given below is the complete list of trading holidays for this year and this list changes with each year.

Commodity category	Trade start time	Trade end time (after the start of us daylight savings in the spring season)	Trade end time (after the end of us daylight savings in the spring season)
Internationally Referenced Non-Agri Commodities	09:00 AM	11:30 PM	11:55 PM
Trade Modification		11:45 PM	11:59 PM
Position Limit/Collateral value set-up /cut-off end time		11:45 PM	11:59 PM

Since commodity trading can only take place on the stipulated trading days on the commodity exchanges, let us also look at the list of trading holidays and clearing holidays. Given below is the complete list of trading holidays for this year and this list changes with each year.

Sr. No	Date	Day	Description
1	26-Jan-2021	Tuesday	Republic Day
2	02-Apr-2021	Friday	Good Friday

However, several holidays fall on a Saturday or Sunday and hence would be counted as trading holidays. Here is a list of the trading holidays that fall on a weekend.

Sr. No	Date	Day	Description
1	25-Apr-2021	Sunday	Mahavir Jayanti
2	01-May-2021	Saturday	Maharashtra Day
3	15-Aug-2021	Sunday	Independence Day
4	02-Oct-2021	Saturday	Mahatma Gandhi Jayanti
5	25-Dec-2021	Saturday	Christmas

Several holidays may not be a trading holiday for the commodity markets but could be a clearing holiday. That is the days the banks don’t work so the commodity trades for that date cannot be cleared and will be cleared on the next banking day. Here is a list of such clearing holidays.

Sr. No	Date	Day	Description
1	26-Jan-2021	Tuesday	Republic Day
2	19-Feb-2021	Friday	Chhatrapati Shivaji Maharaj Jayanti
3	11-Mar-2021	Thursday	Mahashivratri
4	29-Mar-2021	Monday	Holi
5	01-Apr-2021	Thursday	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
10	13-May-2021	Thursday	Id-Ul-Fitr (Ramzan Id)
11	26-May-2021	Wednesday	Buddha Poornima
12	-Jul-2021	Wednesday	Bakri Id
13	16-Aug-2021	Monday	Parsi New Year
14	19-Aug-2021	Thursday	Muharram
15	10-Sep-2021	Friday	Ganesh Chaturthi
16	15-Oct-2021	Friday	Dussehra
17	19-Oct-2021	Tuesday	Id-E-Milad
18	04-Nov-2021	Thursday	Diwali- Laxmi Pujan
19	05-Nov-2021	Friday	Diwali-Balipratipada
20	19-Nov-2021	Friday	Guru Nanak Jayanti

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

SHARE MARKET HOURS (EQUITY)

Trading session

The pre-open session will be for 15 minutes i.e. from 9:00 am to 9:15 am. The pre-open session is comprised of the Order Entry period and Order Matching period.

The pre-open session shall comprise two sessions viz.

• Order Entry period.
• Order Matching period.

After the order matching period, there is also a buffer period to facilitate the transition between pre open and continuous session

Order Entry Period

• The order entry period shall be for the duration of 8* minutes, during which order entry, modification, and cancellation shall be allowed. (* – System driven random stoppage between 7th and 8th minute)
• Both Limit and market order will be allowed.
• Dissemination of indicative equilibrium price, indicative match-able quantity & indicative index values

Order Matching Period

• The order matching period will start immediately after the completion of the order entry period. During this period, no Order Addition/Modification/Cancellation shall be allowed
• The next step is opening price determination, and trade confirmation.

Continuous Trading Session 9:15 am – 3:30 pm Trades occur continuously as orders match at 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 commence only after the pre-open session ends. The two trading sessions, continuous and call auction (pre-open) sessions will not run concurrently.

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