Archive · 2 Oct 2026
Indian Markets Close For Gandhi Jayanti After Four-Day Slide
India’s stock markets are closed on October 2 because people are observing Mahatma Gandhi Jayanti.
The holiday remembers Mahatma Gandhi’s birth anniversary.
The Bombay Stock Exchange and National Stock Exchange of India will reopen on October 5.
Before the holiday, Indian shares fell for the fourth trading day in a row.
The Sensex and Nifty both lost value on Thursday.
Investors were concerned about foreign investors selling shares, high bond yields and expensive oil.
Brent crude rose above $100 per barrel.
Experts said the market outlook is weak, but a short-term recovery could still happen.
Investors will watch whether any rebound is supported by steady buying.
Indian stock markets are closed on Friday, October 2, 2026, for Mahatma Gandhi Jayanti and will reopen on Monday, October 5.
The Sensex fell 570.59 points, or 0.79%, to 71,909.70 on Thursday, extending its losing streak to four sessions.
The Nifty declined 198.50 points, or 0.88%, to 22,421.95, while the Sensex touched a fresh 52-week low during trading.
Foreign investor selling, elevated bond yields and Brent crude above $100 a barrel weighed on Indian equities.
Trading is also suspended across commodity and other market segments, with Dussehra, Diwali, Prakash Gurpurb and Christmas among upcoming holidays.
- Who
- The Bombay Stock Exchange, National Stock Exchange of India, Multi Commodity Exchange of India, National Commodity & Derivatives Exchange and market participants are involved.
- What
- Indian stock and commodity markets are closed for Mahatma Gandhi Jayanti after the Sensex and Nifty fell for a fourth consecutive session.
- When
- The holiday is Friday, October 2, 2026; the reported market decline occurred on Thursday, October 1, and trading is scheduled to resume on October 5.
- Where
- The closures apply to India’s equity, derivatives, debt, currency, commodity and related market segments.
- Why
- Trading is suspended to observe Mahatma Gandhi Jayanti, while the preceding market decline was attributed to foreign selling, higher bond yields, global interest-rate concerns and rising crude prices.
Cautious Outlook
Potential Recovery
Near-term market direction
Cautious Outlook
Market experts said the overall outlook remains weak, with foreign selling, elevated yields and rising crude prices continuing to pressure equities.
Potential Recovery
Experts said the sharp recent decline could create room for a short-term recovery if a rebound attracts steady buying.
Conditions for stabilization
Cautious Outlook
A break below the April 2025 low could prolong the decline, according to the market outlook described in the report.
Potential Recovery
Holding above the April 2025 low could support stability, while a meaningful de-escalation in West Asia could trigger a relief rally.
- 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%
- Brent crude
- Rose 2.77% to USD 100.80 a barrel
- Current holiday
- Trading is suspended on October 2 for Mahatma Gandhi Jayanti
- Next October holiday
- The Bombay Stock Exchange and National Stock Exchange of India are scheduled to close on October 20 for Dussehra
