Markets Closed Across Equity, Derivatives and Currency Segments
Indian equity markets remained closed on June 26 on account of Muharram, leading to a complete halt in trading activity on both the BSE and NSE.
No trading, settlement, or clearing operations were conducted across equity, derivatives, or currency segments during the holiday session, in line with the official exchange calendar.
Normal Trading to Resume on Monday
Market operations will resume on Monday (June 29), with investors expected to react to global market trends, FII flows, and upcoming domestic earnings cues.
The short break is likely to keep sentiment steady, with no major domestic triggers during the holiday period.
Full List of Upcoming Stock Market Holidays in 2026
According to the NSE holiday calendar, the next major trading holidays include:
- September 14 – Ganesh Chaturthi
- October 2 – Gandhi Jayanti
- October 20 – Dussehra
- November 10 – Diwali Balipratipada
- November 24 – Guru Nanak Jayanti
- December 25 – Christmas
It is also noted that August 15 (Independence Day) falls on a Saturday, so it will not affect trading separately.
Commodity Markets See Partial Closure
Commodity exchanges also witnessed disruptions:
- The Multi Commodity Exchange (MCX) remained closed during the morning session (9:00 AM to 5:00 PM), with trading scheduled to resume in the evening session (5:00 PM onwards).
- The National Commodity and Derivatives Exchange (NCDEX) remained shut for the entire day.
This impacted trading in both metal and agricultural derivatives markets.
Pre-Holiday Market Recap: Benchmarks Extend Gains
Ahead of the holiday, Indian equity markets closed higher for a second straight session, though gains were capped due to profit booking.
The benchmark BSE Sensex rose 109.25 points (0.14%) to close at 77,100.47.
The NSE Nifty 50 advanced 34.35 points (0.14%) to end at 24,056.
Intraday volatility remained elevated as indices touched higher levels before witnessing mild profit booking in the second half.
Sectoral Trends: Auto Outperforms, IT and Metals Drag
Sectoral performance remained mixed across the board:
- Auto sector led gains with a strong 2.2% rise
- FMCG and Realty also closed in positive territory
- IT, Energy, Metal, Media, and Oil & Gas sectors declined between 0.5%–1%
The divergence highlights selective buying interest amid cautious broader sentiment.
Stock-Specific Action: Auto and Banking Stocks Support Market
Key gainers included:
- InterGlobe Aviation surged 4.82% amid supportive crude oil prices
- Mahindra & Mahindra gained on strong auto sector momentum
- Maruti Suzuki India also advanced with improved demand outlook
- Banking stocks such as State Bank of India and ICICI Bank supported index gains
IT majors including Infosys and Tech Mahindra remained under pressure.
Broader Markets Underperform
Midcap and smallcap indices weakened during the session:
- Nifty Midcap 100 declined ~0.5%
- Nifty Smallcap 100 also fell ~0.5%
This indicates that market strength remained largely index-driven rather than broad-based.
Currency Update: Rupee Gains on Crude Softening
The Indian rupee appreciated by 25 paise to close at 94.40 per US dollar, supported by:
- Decline in global crude oil prices
- Improved risk sentiment in domestic equities
- Reduced import cost pressure
Expert View: Sentiment Supported but FII Flows Remain Key
Market experts noted that lower crude oil prices provided relief to inflation-sensitive sectors like autos and FMCG. However, sustained foreign institutional investor (FII) outflows continue to cap upside momentum.
Key monitorables for near-term direction:
- Q1 corporate earnings outlook
- FII/DII flow trends
- Monsoon progress and rural demand
- Global commodity price movement
Key Takeaway
With markets closed for Muharram and limited domestic triggers, sentiment remains largely dependent on global cues. Investors are expected to focus on earnings trajectory and foreign flows as key drivers once trading resumes.