The Multi Commodity Exchange (MCX), India’s largest commodity exchange, has revised the expiry date of its base metal index futures contract (MCXMETLDEX) due to the Maharashtra Legislative Assembly Election on November 20, 2024. Trading on MCX will only open for the evening session, and the contract will be available for trading until the revised expiry date.
MCXMETLDEX is part of the MCX iCOMDEX group of sectoral indices and reflects the performance of four key base metal (Aluminium, Copper, Lead, Zinc) futures traded on MCX: Banks will not provide clearing services on November 20, resulting in no settlement-related activities on November 20. Settlement for trades made on November 19 and 20 will be conducted on November 21, 2024.
