Noticeboard

Notice Board

Checkout Important Notices & Announcement Here !

In pursuance to clause 2 of Chapter IX of the Bye-Laws and Regulation 2.3 of F&O Segment, the Exchange hereby notifies trading holidays for the calendar year 21-22 as below:

Sr.No.DateDayDescription
1January 26,2022WednesdayRepublic Day
2March 01,2022TuesdayMahashivratri
3March 18,2022FridayHoli
4April 14,2022ThursdayDr.BabaSahebAmbedkarJayanti
5April 15,2022FridayGood Friday
6May 03,2022TuesdayId-Ul-Fitr (Ramzan ID)
7August 09,2022TuesdayMoharram
8August 15,2022MondayIndependence Day
9August 31,2022WednesdayGanesh Chaturthi
10October 05,2022WednesdayDassera
11October 24,2022MondayDiwali-LaxmiPujan*
12October 26,2022WednesdayDiwali-Balipratipada
13November 08,2022TuesdayGurunanakJayanti

Following holidays are falling on Saturdays/Sundays:

Sr.No.DateDayDescription
1January 01,2022SaturdayNew Year Day
2April 10,2022SundayRam Navami
3May 01,2022SundayMaharashtra Day
4July 10,2022SundayBakri Id
5October 02,2022SundayGandhi Jayanti
6December 25,2022SundayChristmas

*Muhurat Trading will be conducted on Monday, October 24, 2022. Timings of Muhurat Trading shall be notified subsequently.

In terms of the provisions of Rules, Bye-Laws and Business Rules of the Exchange, Trading
Holidays for the calendar year 2022 are notified as under:

Sr.No.ParticularsDateDayMorning sessionEvening session
1Republic Day26-Jan-22WednesdayClosedClosed
2Mahashivratri01-Mar-22TuesdayClosedOpen
3Holi (2nd day)18-Mar-22FridayClosedOpen
4Ambedkar Jayanti14-Apr-22ThursdayClosedOpen
5Good Friday15-Apr-22FridayClosedClosed
6Ramzan ID (Id-UlFitr)03-May-22TuesdayClosedOpen
7Moharram09-Aug-22TuesdayClosedOpen
8Independence Day15-Aug-22MondayClosedClosed
9Ganesh Chaturthi31-Aug-22WednesdayClosedOpen
10Dassera05-Oct-22WednesdayClosedOpen
11Diwali – Laxmi
Pujan
24-Oct-22MondayClosedOpen*
12Diwali –
Balipratipada
26-Oct-22WednesdayClosedOpen
13Guru Nanak
Jayanti
08-Nov-22TuesdayClosedOpen

* Timings for the Muhurat trading shall be notified by the Exchange subsequently.

Note:

Current Trade timings:

  1. Morning session – 9:00 AM to 5:00 PM
  2. Evening session – 5:00 PM to 11:30/11:55 PM and 5:00 PM to 9:00 PM for
  3. Internationally linked agricultural commodities.

Following holidays are falling on Saturdays/Sundays:

Sr.No.HolidaysDateDays of Week
1New Year Day01-Jan-22Saturday
2Ram Navami10-Apr-22Sunday
3Maharashtra Day01-May-22Sunday
4Bakri Id10-Jul-22Sunday
5Gandhi Jayanti02-Oct-22Sunday
6Christmas25-Dec-22Sunday

In terms of the provisionsof the Rules, Bye-Laws and Business Rules of the Exchange, theMembers of the Exchange are notified asunder:

MCX iCOMDEXBase Metals Index (MCX METLDEXTM) March 2021 Futures contract will beavailable for trading with effect from Tuesday, December 15,2020.

The contract specifications and trading parameters of the contract as specified in circular no. MCX/TRD/699/2020 dated September 22, 2020 issued by the Exchange, shall be bindingon allthe Members of the Exchange and constituents trading throughthem.

Sub: Introduction of Peak Margin

With reference to SEBI circular reference number SEBI/HO/MRD2/DCAP/CIR/P/2020/127 dated 20th July 2020, Peak Margin would be introduced in Equity, Commodity & Currency segment from 1st December 2020.

Following are the guidelines for collection of upfront margin from clients in Cash & Derivative segment: –

1. SEBI circular Exchanges/ Clearing Corporations have mandated trading members to collect applicable margins from their clients/ constituents in advance of the trade for all the segments i.e. Equity, Commodity &Currency.

2. Gill Broking shall have to report the margin collected from each client for EOD as well as Peak margin during the day, in the following manner: a) EOD margin obligation of the client shall be compared with the respective client margin available with the Trading Member (TM)/Clearing Member (CM) at EOD. AND b) Peak margin obligation (Highest) of the client, during the day, shall be compared with respective client peak margin available with the TM/CM during the day. Higher of the shortfall in collection of the margin obligations at (a) and (b) above, shall be considered for levying of penalty as per the extant framework

3. The above framework will be prescribed in the phased manner as below

• Phase 1 (for 3 months from the date of implementation) – 25% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 2 (for subsequent 3 months) – 50% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 3 (for subsequent 3 months) – 75% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

• Phase 4 (subsequently) – 100% of (Peak margin obligation of the client) shall be compared with respective client peak margin available with the TM/CM during the day.

4. In cash market the peak margin will be applicable till T+2 till payin for the delivery positions.

5. Peak margin file will be sent by exchanges 4 times in a day at random time schedule, the maximum margin in any of the these files will be considered as peak margin for the day and margin will have to be complied based on the peak margin or EOD margin which is higher.

6. Please find below example of how Peak margin would be calculated:-

Case 1 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 20000 30000 20000 0
EQ Derivative 0 0 0 0
Currency Derivative 0 0 0 0
Commodity Derivative 0 0 0 0
Peak Reportable Margin 30000 0
Reportable Margin as per 1st Phase 7500 0
Available Balance 50000  
Shortage 0  
Case 2 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 20000 300000 20000 40000
EQ Derivative 0 0 0 0
Currency Derivative 0 0 0 0
Commodity Derivative 0 0 0 0
Peak Reportable Margin 300000  
Reportable Margin as per 1st Phase 75000  
Available Balance 50000  
Shortage -25000  
Case 3 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 20000 20000 10000 90000
EQ Derivative 50000 50000 80000 70000
Currency Derivative 5000 30000 0 7000
Commodity Derivative 0 0 0 0
Peak Reportable Margin 100000  
Reportable Margin as per 1st Phase 25000  
Available Balance 50000  
Shortage -40000  
Case 4 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 20000 50000 10000 56000
EQ Derivative 10000 50000 40000 70000
Currency Derivative 50000 8000 2000 5000
Commodity Derivative 100000 0 0 0
Peak Reportable Margin 170000  
Reportable Margin as per 1st Phase 42500  
Available Balance 50000  
Shortage -6000  
Case 5 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 40000 50000 20000 0
EQ Derivative 50000 0 0 0
Currency Derivative 0 0 0 0
Commodity Derivative 0 0 0 0
Peak Reportable Margin 60000 0
Reportable Margin as per 1st Phase 15000 0
Available Balance 50000  
Shortage 0  
Case 6 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 20000 200000 70000 900000
EQ Derivative 50000 50000 80000 10000
Currency Derivative 0 0 0 0
Commodity Derivative 0 0 0 0
Peak Reportable Margin 280000  
Reportable Margin as per 1st Phase 70000  
Available Balance 50000  
Shortage -40000  
Case 7 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 20000 50000 10000 40000
EQ Derivative 10000 50000 4000 70000
Currency Derivative 50000 8000 0 5000
Commodity Derivative 0 0 0 0
Peak Reportable Margin 85000  
Reportable Margin as per 1st Phase 21250  
Available Balance 50000  
Shortage 0  
Case 8 PEAK Margin EOD Margin
Peak-1 Peak-2 Peak-3 Peak-4
Cash 10000 20000 50000 10000 0
EQ Derivative 10000 50000 4000 70000
Currency Derivative 50000 80000 2000 5000
Commodity Derivative 100000 0 0 0
Peak Reportable Margin 170000  
Reportable Margin as per 1st Phase 42500  
Available Balance 50000  
Shortage 0  
In terms of the provisions of Rules, Bye-Laws and Business Rules of the Exchange and in continuation to circular no. MCX/TRD/698/2019, dated December 12, 2019 the Members of the Exchange are notified as under: On the occasion of Diwali (Laxmi Poojan Day), contracts of all commodities will be available for Muhurat Trading on Saturday, November 14, 2020. The market timings for Muhurat Trading session will be as follows:
Particulars Timings
Special Session 6:00 pm – 6:14 pm
Trading Session 6:15 pm – 7:15 pm
Client Code Modification Session 7:15 pm – 7:30 pm
Members are requested to take note of the same.

In continuation to circular No. 42879 dated December 11, 2020, a special live trading session shall be held on Saturday, November 14, 2020 on account of Muhurat trading on Diwali as per the following schedule:

Diwali Muhurat Trading Session on Saturday, November 14, 2020Time
Normal Market Open18:15 hrs
Normal Market Close19:15 hrs
Set up cut off time for Position Limit / Collateral value19:25 hrs
Trade modification end time19:25 hrs

All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.

In continuation to circular No. 42878 dated December 11, 2019, a special live trading session shall be held on Saturday, November 14, 2020 on account of Muhurat trading on Diwali as per the following schedule:

Diwali Muhurat Trading Session on Saturday, November 14, 2020Time
Normal Market Open18:15 hrs
Normal Market Close19:15 hrs
Trade modification end time19:25 hrs

All trades executed in this Diwali Muhurat trading session shall result in settlement obligations.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

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