NSE India Holidays 2026 and 2027: Full Trading Calendar

The National Stock Exchange of India (NSE) in Mumbai is Asia’s largest exchange by number of contracts traded and the home of the Nifty 50 index. Its equity cash and equity derivatives segments trade from 9:15 am to 3:30 pm India Standard Time (IST), Monday to Friday, which is 11:45 pm to 6:00 am US Eastern Time (during US daylight saving) and 4:45 am to 11:00 am in London (during British Summer Time). The next full closure is Monday, September 14, 2026 for Ganesh Chaturthi. NSE publishes its trading holiday list each year by circular, and the exchange’s own calendar is the final word: full schedule and background: NSE India holidays.

India’s market calendar is unusual because most of its closures follow religious and lunar festivals rather than fixed dates. That means the list changes materially from year to year, and dates for festivals such as Diwali, Holi, Id-Ul-Fitr and Muharram can shift by days between calendars. Weekends are always closed, and holidays that fall on a Saturday or Sunday are not moved to a weekday, unlike the practice at the New York Stock Exchange.

NSE India holidays 2026

These are the remaining 2026 trading holidays for the equity and equity derivatives segments. On each of these days there is no cash market trading, no futures and options trading and no settlement.

Two of these closures sit next to a weekend. October 2, 2026 and December 25, 2026 both fall on a Friday, creating three-day breaks for Indian equities. Traders who use Indian markets as an early signal for European and US sessions lose that reference on those mornings.

NSE India holidays 2027

The 2027 dates below are the closures covered on this page. Festival dates in India depend on the lunar calendar and on local observance, so some can be adjusted when NSE issues its annual holiday circular. Always confirm against the exchange’s official holiday page before planning trades, corporate actions or fund flows.

April 2027 is the tightest cluster: Ambedkar Jayanti on Wednesday, April 14 and Shri Ram Navami on Thursday, April 15 sit back to back, leaving a two-day mid-week gap in Indian trading. March 2027 carries three closures, including Good Friday on March 26, which is one of the few dates where India, the UK, most of Europe and the United States are shut at the same time.

Early closes and half days

NSE does not run the kind of scheduled 1:00 pm half days that US exchanges hold around Thanksgiving and Christmas. Indian equity sessions either run their full length or do not run at all. There are three exceptions worth knowing:

• Muhurat trading. On Diwali, which is otherwise a closure, NSE and the BSE hold a special ceremonial session lasting roughly one hour, usually in the evening IST. It is a genuine trading session: orders execute and settle normally. NSE announces the exact timing by circular a few weeks in advance, so the window is not fixed year to year.
• Commodity and currency segments. On several equity holidays the commodity derivatives segment trades in its evening session only, and on some it is closed all day. NSE lists these segment-by-segment exceptions in the same holiday circular, so a day marked closed for shares is not always closed for gold, crude or currency futures.
• Special live sessions. NSE occasionally runs a Saturday session on its disaster recovery site to test systems. These are technical exercises with real orders, announced in advance, and they are not additional holidays.

Because the equity day is short by global standards at 6 hours 15 minutes, there is no lunch break, unlike the exchanges in Tokyo, Shanghai and Hong Kong.

Trading hours on NSE India

The core equity timetable runs as follows, all times IST:

India does not observe daylight saving time, so IST is fixed at UTC plus 5 hours 30 minutes all year. The conversions move instead when the US and UK change their clocks. Between roughly early November and mid-March, the 9:15 am IST open is 10:45 pm ET the previous day and 3:45 am GMT in London, and the 3:30 pm IST close is 5:00 am ET and 10:00 am GMT. In practical terms, the Indian close always lands during the London morning and always before the New York cash open, which is why Nifty moves are treated as part of the overnight picture by traders in Europe and the United States.

There is no separate retail pre-market or after-hours session of the type US investors know. The pre-open call auction takes the place of pre-market trading, and after 3:30 pm brokers accept after-market orders that queue for the next session rather than executing immediately. Currency derivatives trade later than equities, and commodity derivatives run into the evening to overlap with London and New York, which is where much of the price setting for gold and crude oil happens.

How holidays affect settlement, dividends and options

Indian equities settle on a T+1 basis, meaning cash and shares change hands one business day after the trade. Holidays remove business days from that count, so a trade executed the day before a closure settles later in calendar terms. If you sell shares on Friday, October 1, 2026 (the session before Mahatma Gandhi Jayanti), the money reaches you on the next working day rather than the next calendar day.

Other practical effects:

• Ex-dividend and record dates. Because entitlement depends on settled ownership, a closure shifts the last day to buy a share and still receive the dividend. Companies and NSE publish the ex-date directly, so use the published date rather than counting back yourself.
• Derivatives expiry. Index and stock derivatives expire on a set weekday of the contract month. When that day is a holiday, expiry moves to the previous trading day. That can pull a high-volume expiry session forward without warning if you are not watching the calendar, and it concentrates volume into a shorter week.
• Margin and funding. Margins must be maintained across the closure. A long weekend means several days of price risk in overseas markets with no ability to adjust an Indian position, which is why some traders cut leverage into three-day breaks.
• Mutual funds. Indian mutual funds do not publish a net asset value for a non-business day, so purchase and redemption requests placed over a holiday are processed at the next valid NAV.
• Foreign investors. A closure in Mumbai does not stop trading in Indian exposure abroad. Nifty-linked futures listed at GIFT City and India-focused exchange traded funds listed in the United States and Europe keep trading, so global sentiment continues to be priced even while the cash market is shut. That is often why Indian shares gap at the open after a long break.

Other markets

On an NSE equity holiday the Indian government bond and money markets are usually closed too, since the Reserve Bank of India observes the same public holidays, but the two calendars are set separately and do not always match. Banks in Maharashtra follow state holidays that can differ again, which matters for cash transfers into and out of broking accounts.

Globally, the alignment is partial. India is shut for many festivals that are ordinary trading days in New York, London, Frankfurt, Tokyo and Hong Kong, and the reverse is also true: Indian markets trade on Thanksgiving and on the Monday holidays observed in the US and UK. The dates where the major exchanges genuinely converge are:

• Christmas Day. NSE is closed on Friday, December 25, 2026, as are the NYSE, Nasdaq, the London Stock Exchange, Euronext, Deutsche Börse and the Hong Kong Stock Exchange. Tokyo is a notable exception and trades.
• Good Friday. NSE is closed on Friday, March 26, 2027, alongside US, UK, European and Hong Kong equity markets.
• New Year’s Day. Almost every major exchange closes, including NSE.

Cryptocurrency markets never close, trading 24 hours a day, seven days a week, including every date on this page. Foreign exchange trades continuously from the Sunday evening Asian open to the Friday New York close, so the rupee still moves against the dollar, euro and pound while Indian shares are shut, though onshore rupee liquidity thins out sharply on domestic holidays and much of the activity shifts to the offshore non-deliverable forward market.

What It Means for Your Money

If you hold an Indian equity fund, an emerging markets fund or a global tracker, part of your portfolio simply stops being priced on these dates. That is a valuation gap, not a loss. When Mumbai reopens, the price adjusts to whatever happened in the rest of the world in the meantime, which can look like a sudden jump in either direction.

For UK and European investors, the timing matters more than the holiday. Because the Indian close falls at 11:00 am London time in summer, a same-day instruction to buy or sell an India-focused fund is usually executed against a price set later, at the fund’s own valuation point. On a holiday, that valuation point may be skipped altogether and your order rolls to the next dealing day. Check your platform’s cut-off if you are trying to trade around a specific event.

For anyone sending money to or from India, holidays hit both the market and the banking system. Remittances, dividend payments and redemption proceeds can take an extra working day when a closure lands next to a weekend, and October 2, 2026 and December 25, 2026 are the clearest examples on this calendar. Plan payments a day or two earlier than usual.

For active traders, the practical points are leverage and expiry. Three-day breaks mean holding risk you cannot hedge in the cash market, and a holiday that lands on an expiry day pulls that expiry forward to the previous session, changing when option positions must be closed or rolled. None of this affects long-term returns, but it does affect execution, and execution is where avoidable money is lost.

If you are tracking global macro events alongside Indian sessions, the US data calendar drives much of the overnight tone for Asian markets: see the US CPI report, the US jobs report and the US PCE report.

Frequently Asked Questions

Is the Indian stock market open today?

NSE trades Monday to Friday from 9:15 am to 3:30 pm IST unless the date appears in the tables above. The next full closure is Monday, September 14, 2026 for Ganesh Chaturthi.

What time does NSE close on a normal trading day?

The equity and equity derivatives segments close at 3:30 pm IST, which is 6:00 am ET and 11:00 am in London during British Summer Time, followed by a closing price calculation window until 4:00 pm IST.

Is the Indian bond market open on NSE holidays?

Usually not: the government securities and money markets generally follow the same public holidays because the Reserve Bank of India observes them, but the calendars are published separately and can differ, so check the RBI holiday list for settlement-critical dates.

How many trading holidays does NSE have in a year?

Typically 14 to 16 full closures in a calendar year, in addition to weekends. The exact number changes annually because most Indian holidays follow lunar festival dates rather than fixed calendar dates.

Where is the official NSE holiday calendar?

NSE publishes the definitive list, including segment-by-segment exceptions and Muhurat trading timings, on its exchange communication holidays page. That circular overrides any third-party list, including this one.