Indian stock market will remain closed today, June 26, as the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are shut for trading on account of Muharram.
India's largest commodity exchange, the Multi-Commodity Exchange of India (MCX), is closed for the first session (9 am to 5 pm) on Friday. Trading will resume in the evening session between 5 pm and 11:30 pm, as per its website. The National Commodity & Derivatives Exchange Limited (NCDEX), meanwhile, is closed for the entire day.
In total, 16 stock market holidays were scheduled for 2026, of which nine have already passed. April saw two holidays - April 3 (Good Friday) and April 14 (Dr. B.R. Ambedkar Jayanti), while markets were also closed on May 1 on account of Maharashtra Day and May 28 for Bakri Id.
After today’s market holiday, the BSE and NSE will next be closed on September 14 for Ganesh Chaturthi, followed by October 2 (Mahatma Gandhi Jayanti), October 20 (Dussehra), November 10 (Diwali-Balipratipada), November 24 (Guru Nanak Jayanti), and December 25 (Christmas).
Check list of upcoming seven market holidays, including today.
Muharram is the first month of the Islamic calendar and is based on the lunar cycle, so dates may differ between countries depending on when the new moon is sighted. In India, the datefor Muharram 2026 is Friday, June 26, 2026. This will give a three-day weekend to many.
As the first month of the Islamic Hijri calendar, Muharram signifies the beginning of the Islamic New Year. Derived from the Arabic word meaning "forbidden," Muharram is one of the four sacred months in Islam during which warfare is traditionally prohibited. It carries profound religious and historical significance throughout the Muslim communities of the world. For Shia Muslims, Muharram is particularly marked by grief and remembrance, especially on the day of Ashura, the 10th day of Muharram.
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