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MCX will also conduct a special live session on Budget Day and make the trading platform available for participants to meet their real-time risk management and hedging requirements.
“The Multi Commodity Exchange of India Ltd. (MCX), India’s leading Exchange in the Commodity Derivatives Market segment, shall be conducting a special live trading session on Saturday, February 1, 2025, to make available the trading platform for market participants on account of presentation of the Union Budget, supporting their real-time risk management and hedging requirements,” the commodity exchange said in a note.
MCX further mentioned that it will remain open for normal trade from 9 am to 5 pm.
Exchanges like MCX are typically closed on Saturdays and Sundays, with no trading taking place on those days.
However, due to Finance Minister Nirmala Sitharaman’s presentation of the Union Budget 2025 on Saturday, February 1, MCX has decided to keep trading open on this unusual day.
The exchange had previously announced that the special trading session on Budget Day will take place from 8:45 AM to 8:59 AM, after which normal trading will resume.
It must also be noted that February 1 will remain a settlement holiday and no pay-in and pay-out will be conducted on MCX.
“Settlement for trade date January 31, 2025, and February 1, 2025, shall be conducted on February 3, 2025,” MCX said in a circular on December 30, 2024.
Finance Minister Nirmala Sitharaman is set to present the second Union Budget of the Modi 3.0 government on Saturday. This will be her eighth straight Budget speech, higher than anyone else, the most for any Indian finance minister. The upcoming Budget is expected to focus on addressing India’s slowing economy and announce measures to tackle the challenges it faces.
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(Edited by : Poonam Behura)
