Synopsis : Indian stock markets remain closed today for Muharram, delaying T+1 settlements to Monday. Here's what investors need to know about NSE, BSE, MCX trading hours and the remaining market holidays in 2026.
Stock Market Closed Today for Muharram
Indian equity markets are observing a trading holiday today, Friday, June 26, on account of Muharram. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) remain closed, giving investors a three-day market break along with the regular weekend.
As a result, trades executed on Thursday will now be settled on Monday, June 29, under India's T+1 settlement cycle.
With Saturday and Sunday being weekly market holidays, investors will return to trading only on Monday.
T+1 Settlement Moves to Monday
Since stock exchanges are closed today, all equity transactions carried out on Thursday will be settled on Monday instead of Friday.
India currently follows a T+1 settlement cycle, meaning securities and funds are normally exchanged one business day after the trade date. However, exchange holidays automatically push settlements to the next working day.
Why Are Markets Closed?
The holiday is being observed for Muharram, the first month of the Islamic calendar and the beginning of the Islamic New Year.
The occasion holds particular significance among Shia Muslims, who commemorate the martyrdom of Imam Hussein. While Muharram is observed differently across Islamic communities, it is recognised as an official stock market holiday in India.
Apart from equity trading, currency derivatives trading on NSE and BSE is also suspended today.
MCX to Resume Trading in the Evening
Unlike equity markets, the Multi Commodity Exchange (MCX) is observing only a partial holiday.
Its morning trading session remains closed, while the evening session will operate as usual.
Trading on MCX will resume from 5:00 PM to 11:00 PM, allowing commodity traders to participate based on international market movements.
However, the National Commodity & Derivatives Exchange (NCDEX) will remain closed for the entire day.
No Additional Holidays in July and August
Investors won't have to deal with any scheduled exchange holidays during July or August.
Although Independence Day falls on August 15, it coincides with a Saturday, which is already a non-trading day. As a result, no additional market holiday is created.
October Brings Two Market Holidays
The next scheduled stock market holidays arrive in October.
Trading will remain closed on:
- October 2 for Gandhi Jayanti
- October 20 for Dussehra
These will be the first exchange holidays after the current Muharram break.
Remaining Trading Holidays in 2026
Following October, Indian stock markets will remain closed on:
- November 10 for Diwali Balipratipada
- November 24 for Prakash Gurpurb Sri Guru Nanak Dev Ji
- December 25 for Christmas
Unless SEBI or stock exchanges announce any additional holidays, these will be the remaining scheduled market closures for the year.
Conclusion
Indian equity markets are closed today in observance of Muharram, delaying T+1 settlements until Monday. While NSE and BSE remain shut for the day, MCX will reopen for its evening trading session, whereas NCDEX remains fully closed.
With no scheduled trading holidays in July and August, investors can expect uninterrupted market activity until the next exchange holiday on Gandhi Jayanti in October.
Disclaimer : This article is for informational purposes only and should not be construed as investment, trading, or legal advice. Stock market holidays, trading sessions, and settlement schedules are subject to change based on notifications issued by stock exchanges or regulatory authorities. Investors and traders are advised to verify the latest holiday calendar and trading timings through official exchange announcements before making any trading or settlement-related decisions.
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