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Indian Markets Closed For Gandhi Jayanti After Sharp Slide
India’s stock markets are closed on Friday because the country is observing Mahatma Gandhi Jayanti.
This day remembers Mahatma Gandhi’s birth anniversary.
Before the holiday, Indian shares fell for the fourth trading session in a row.
The Sensex and Nifty both lost value on Thursday.
Investors were worried because foreign investors were selling shares.
Oil prices also rose above $100 per barrel, which can increase costs for India.
Higher bond yields and concerns about interest rates added to the pressure.
An analyst said global conditions were the main reason for the decline.
The markets are scheduled to close again on October 20 for Dussehra.
Indian stock markets are closed on Friday, October 2, for Mahatma Gandhi Jayanti.
The Sensex fell 570.59 points, or 0.79%, to 71,909.70 on Thursday.
The Nifty declined 198.50 points, or 0.88%, to 22,421.95, marking its fourth straight fall.
Foreign selling, elevated bond yields and crude oil above $100 a barrel weighed on equities.
The BSE and NSE will next close on October 20 for Dussehra, followed by holidays in November and December.
- Who
- The Bombay Stock Exchange, the National Stock Exchange of India, Indian investors and foreign institutional investors are involved.
- What
- Indian stock markets are closed for Mahatma Gandhi Jayanti after the Sensex and Nifty declined on Thursday.
- Where
- The closure applies to India’s BSE, NSE, MCX and NCDEX markets.
- When
- The holiday is Friday, October 2, 2026; the reported declines occurred on Thursday, October 1.
- Why
- Trading is suspended to observe Mahatma Gandhi Jayanti, while the previous session’s decline was linked to foreign selling, higher bond yields, rising crude prices and global interest-rate concerns.
Key facts
- Sensex close
- 71,909.70, down 570.59 points or 0.79% on October 1
- Nifty close
- 22,421.95, down 198.50 points or 0.88% on October 1
- Weekly performance
- The Sensex fell 2.68%; the Nifty declined 3.10%
- September performance
- The Sensex fell 5.81%; the Nifty declined 6%
- Crude oil
- Brent crude rose 2.77% to USD 100.80 a barrel
- Current holiday
- Trading is suspended on October 2 for Mahatma Gandhi Jayanti
- Next listed holiday
- The BSE and NSE are scheduled to close on October 20 for Dussehra
Quotes
Vinod Nair
Head of Research at Geojit Investments Ltd
“Indian equities had a difficult, holiday-shortened week which saw benchmarks slip below a key psychological level as a worsening global backdrop overwhelmed domestic support.”
livemint.com
“A meaningful de-escalation in West Asia could trigger a sharp relief rally.”
livemint.com
Sources
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