Is the Stock Market Open on Mahatma Gandhi Jayanti 2026? NSE India Hours
October 2
Is the Stock Market Open on Mahatma Gandhi Jayanti 2026? NSE India Hours
NSE India are closed on Friday, for Mahatma Gandhi Jayanti.
- Next holiday
- Dussehra, October 20, 2026
- Regular hours
- 9:15 am to 3:30 pm IST
Full schedule and background: NSE India Holidays.
Updated
The National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE) are closed on Friday, October 2, 2026 for Mahatma Gandhi Jayanti, a national holiday marking the birthday of Mahatma Gandhi. No equity, derivatives or currency trading takes place on India’s exchanges that day. Any orders queued in a broker’s system will not execute until the next trading session, and settlement of trades from the prior session continues on its normal T+1 cycle once markets reopen. For the full year-round schedule, see the NSE India holiday calendar.
Because October 2, 2026 falls on a Friday, Indian markets face a long weekend, with trading resuming on Monday, October 5, 2026. Investors holding positions ahead of the holiday should note that no price discovery happens on NSE or BSE during the closure, which can occasionally lead to a wider opening move on Monday if global markets shift materially over the weekend.
Which markets are closed on Mahatma Gandhi Jayanti 2026?
| Market | Status | Notes |
|---|---|---|
| NSE equities | Closed | National holiday, no cash market trading |
| BSE equities | Closed | Observes the same holiday calendar as NSE |
| NSE/BSE derivatives (futures and options) | Closed | No expiry processing on this date |
| Indian currency and debt markets | Closed | Reserve Bank of India also observes the holiday |
| New York Stock Exchange and Nasdaq | Open (regular hours) | US markets do not observe Indian national holidays |
| London Stock Exchange (LSE) | Open (regular hours) | Standard UK trading session |
| Euronext | Open (regular hours) | Standard European trading session |
| Tokyo Stock Exchange (TSE) | Open (regular hours) | Standard Japanese trading session |
This means that while Indian investors have no domestic market to trade, global markets carry on as usual. Anyone holding both Indian and international positions should be aware that news flow from the US, Europe or Asia during the Indian holiday will not be reflected in NSE or BSE prices until trading resumes.
Is the market open the day before and after?
Thursday, October 1, 2026 is a normal full trading day on NSE and BSE, with regular hours of 9:15 am to 3:30 pm Indian Standard Time (IST). There is no early close scheduled ahead of the holiday. Markets reopen for normal trading on Monday, October 5, 2026, again with standard hours of 9:15 am to 3:30 pm IST. No partial or early-close sessions apply around this holiday, unlike some pre-festival sessions observed around Diwali.
Why do markets close for Mahatma Gandhi Jayanti?
Mahatma Gandhi Jayanti is a national holiday in India commemorating the birth of Mahatma Gandhi on October 2, 1869. Gandhi led India’s independence movement through non-violent civil disobedience, and the date is also recognised internationally as the UN’s International Day of Non-Violence.
As a gazetted national holiday, it is observed across Indian government offices, banks and financial markets, including NSE and BSE, which close their trading floors and settlement systems for the day in line with the exchanges’ published holiday calendar.
What It Means for Your Money
If you hold Indian shares, mutual funds or exchange-traded funds through a broker, any buy or sell orders placed on October 2 will simply sit in the queue until trading resumes on Monday, October 5. This is normal and does not affect the validity of the order itself.
Settlement of trades executed on the last trading day before the holiday, Thursday, October 1, follows India’s standard T+1 settlement cycle, meaning shares and funds typically change hands one business day later, adjusted for the holiday closure. Dividend payments, interest credits and options expiry dates scheduled for October 2 are typically processed on the next business day instead.
Indian banks generally also observe Gandhi Jayanti as a public holiday, so domestic bank transfers, cheque clearing and some payroll processing may be delayed by a day. This is separate from the stock market closure but often coincides with it. Cryptocurrency markets, by contrast, are not tied to any exchange calendar and continue trading 24 hours a day, seven days a week, regardless of the Indian holiday.
For investors outside India with exposure to Indian equities through global funds or American Depositary Receipts (ADRs), the underlying NSE and BSE closure means no fresh domestic pricing signal that day, though the ADRs themselves may still trade on foreign exchanges such as the NYSE based on broader market sentiment.
Remaining NSE India holidays in 2026
- Dussehra, October 20, 2026 (closed)
- Diwali Balipratipada, November 10, 2026 (closed)
- Prakash Gurpurb Sri Guru Nanak Dev, November 24, 2026 (closed)
- Christmas, December 25, 2026 (closed)
The next scheduled closure after Mahatma Gandhi Jayanti is Dussehra on October 20, 2026.
Frequently Asked Questions
Is the stock market open on October 2, 2026 in India?
No. NSE and BSE are both closed on October 2, 2026 for Mahatma Gandhi Jayanti, a national holiday.
Is the bond market open on Mahatma Gandhi Jayanti?
No. Indian government bond and currency markets, along with the Reserve Bank of India’s settlement systems, are also closed on this date.
What time does the Indian market close on the day before the holiday?
NSE and BSE trade a full regular session on Thursday, October 1, 2026, closing at the standard time of 3:30 pm IST, with no early close ahead of the holiday.
When is the next NSE India market holiday after this one?
The next scheduled closure is Dussehra on October 20, 2026.
Are Indian banks open on Mahatma Gandhi Jayanti?
Most Indian banks are closed on October 2, 2026 as it is a gazetted national holiday, which can delay some transfers and cheque clearing by a day.