The Multi Commodity Exchange Clearing Corporation (MCXCCL) issued a circular clarifying the funds settlement mechanism for the special trading session on Sunday, February 1, 2026, held on the occasion of the Union Budget presentation.
As per the circular dated January 30, 2026, MCXCCL stated that there will be no funds pay-in or pay-out on February 1, 2026, despite live trading being allowed on the exchange. Instead, the funds pay-in and pay-out for trades executed on January 30 and February 1 will be settled together on Monday, February 2, 2026.
Crucially, the circular added that the pay-in obligation for trades executed on January 30, 2026 will remain blocked from the available margin limits of clearing members on February 1. This means traders could not use released funds or margins during the Sunday session, effectively tightening liquidity.
MCXCCL advised clearing members and market participants to maintain sufficient margins in their accounts to ensure uninterrupted trading during the Budget Day session. The exchange also highlighted that these measures were in line with its rules, bye-laws and regulations governing special trading sessions.
The circular played a significant role in shaping market behaviour on Budget Day, as blocked margins and deferred settlements reduced buying capacity, increasing vulnerability to sharp price moves, especially in highly leveraged commodity contracts.
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