Indian Stock Market Holidays: Trading Status on Ram Navami 2026

Indian Stock Market Holidays

The Indian stock market will observe a mid-week holiday on Thursday, March 26, marking the first of three such closures over the next seven sessions. This holiday is declared to mark the occasion of Shri Ram Navami. The National Stock Exchange (NSE) and BSE shared the stock market holiday calendar in December last year.

Upcoming Stock Market Holidays

The NSE and BSE have scheduled three stock market holidays for the next seven trading sessions:

Read also: Treasury Yields Experience Largest Increase in Two Weeks Following Release of Labor Market Data

• Thursday, March 26: Shri Ram Navami
• Monday, March 31: Shri Mahavir Jayanti
• Thursday, April 3: Good Friday

The commodity exchange MCX will remain closed in the first half on March 26 and will reopen at 5 pm for the evening session.

Stock Market Holidays for the Rest of the Year

The Indian stock markets will be shut on 10 separate occasions for the rest of the year to celebrate various festivals and occasions:

Read also: US-Iran Tensions Spark Uptick in Oil Prices Amid Global Market Decline

• April 14: Dr Baba Saheb Ambedkar Jayanti
• May: Maharashtra Day and Bakri Id
• June: Muharram
• October and November: Two market holidays
• December: One market holiday

Market Performance

The Indian stock market has seen high volatility amid the ongoing US-Israeli war with Iran. Despite broad-based buying, the benchmark indices - Sensex and Nifty - remain 7.09% lower for the month. The sharp decline in the indices comes as the West Asia war has resulted in the closure of the Strait of Hormuz, which has fanned crude oil prices. For India, which is the third-largest importer and consumer of crude oil, it is a major concern as it threatens to weigh on its economy and also on corporate earnings.

Foreign Institutional Investor (FII) Outflows

Persistent FII outflows represent another major headwind, with FIIs pulling out over ₹97,000 crore in March 2026 alone, pushing year-to-date withdrawals past ₹1.45 lakh crore.

Valuation and Macroeconomic Fundamentals

According to Emkay Global Financial Services, Indian equities are currently trading at fair valuations relative to global peers, with the Nifty 50 at approximately 20x P/E - below its recent historical averages. The valuation comfort is supported by robust macroeconomic fundamentals, including expected GDP growth of 7.3-7.5% and steady earnings expansion.