Trading Holidays India 2026: NSE F&O Calendar

Next Market Holiday and Remaining 2026 Closures

Using the NSE F&O list in the table below, three weekday closures remain after 28 October 2026: Tuesday 10 November (Diwali-Balipratipada), Tuesday 24 November (Guru Nanak Jayanti) and Friday 25 December (Christmas). Muhurat Trading is separate. The NSE annual circular lists Diwali Laxmi Pujan on Sunday, 8 November 2026. Muhurat Trading details and timings come in a separate notice, so confirm them on nseindia.com. An exchange can also amend its list.

Two of the remaining closures fall on Tuesdays. Nifty weekly options expire on Tuesday, so each of those weeks has an expiry shifted to the previous trading day. For Nifty weekly and monthly contracts that means Monday 9 November and Monday 23 November 2026 if the previous day is a trading day, as the table in the expiry section shows. Confirm the dates in your broker's contract list.

NSE Trading Holiday Calendar for 2026

This trading holidays table covers NSE futures and options (F&O) for 2026, including the later Maharashtra election closure. BSE, currency, settlement and commodity calendars need separate checks. A bank or regional holiday does not automatically close the exchange.

The annual circular also places Independence Day on Saturday, 15 August 2026, and Diwali Laxmi Pujan on Sunday, 8 November 2026. NSE says Muhurat Trading will be held on the latter date, with timings notified separately. A weekend festival does not automatically create an extra weekday closure.

2026 Holidays That Fall on Weekends

Four festival dates in 2026 fall on a Saturday or Sunday, so they do not close the market on a weekday and no extra weekday holiday is added.

• Mahashivratri, Sunday 15 February 2026
• Id-Ul-Fitr (Ramzan Id), Saturday 21 March 2026
• Independence Day, Saturday 15 August 2026
• Diwali Laxmi Pujan, Sunday 8 November 2026 (Muhurat Trading is scheduled for this day)

The Independence Day and Diwali Laxmi Pujan dates are in the NSE annual circular. The other two dates come from holiday lists published by broker and data sites that agree with each other, and we could not open NSE's own page to confirm them today. Because they fall on weekends, they make no difference to the weekday table above.

Do BSE and NSE Have the Same Holidays?

For equity derivatives, BSE follows the same holiday list as NSE, and the expiry-day rules in our calculator use that shared list. Equity cash, currency, commodity and settlement calendars can differ, so check the circular of the exchange and segment you trade.

Equity Holidays Are Not the Same as Commodity (MCX) Holidays

A trap that catches many beginners is assuming the whole market shuts on every holiday. Check the relevant exchange and segment: equity, currency, settlement and commodity schedules are not interchangeable. Commodity calendars can distinguish morning and evening sessions.

If positions span different markets, one venue can be open while another is closed, leaving only part of the exposure adjustable. Check each trading calendar and the separate clearing and settlement notices for when money and securities are processed.

• Check equity cash and equity derivatives against their own exchange notices.
• Commodity calendars can specify separate morning and evening closures.
• Settlement holidays affect processing of money and securities and can differ from trading closures.

MCX Holidays 2026: Morning and Evening Sessions

MCX splits many holidays into a morning session and an evening session. The MCX circular dated 15 December 2025, as shown on HDFC Securities' site, lists these entries for January to June 2026.

• Both sessions closed: Republic Day (26 January) and Good Friday (3 April).
• Morning closed, evening open: Holi (3 March), Ram Navami (26 March), Mahavir Jayanti (31 March), Ambedkar Jayanti (14 April), Maharashtra Day (1 May), Bakri Id (28 May) and Muharram (26 June).

For the second half of the year, the sources we found are broker and data sites, not the MCX circular. They list Ganesh Chaturthi (14 September), Dussehra (20 October), Diwali-Balipratipada (10 November) and Guru Nanak Jayanti (24 November) as morning closed with the evening open, and Gandhi Jayanti (2 October) and Christmas (25 December) as full closures. Treat these as unconfirmed and confirm every second-half date on mcxindia.com (Circulars) before you plan a trade. One data site also shows 15 January as a morning closure, which we could not find in the circular.

MCX session hours also change by season. MCX circular MCX/TRD/550/2026 sets the non-agricultural evening close at 11:55 pm from 2 November 2026 to 12 March 2027. The earlier 11:30 pm close runs to 30 October 2026.

Currency Derivatives and Settlement Holidays

The table on this page is the NSE F&O list. Currency derivatives have their own holiday circular. Clearing and settlement, which move money and shares, also have their own calendar, and a settlement holiday can fall on a day when trading is open. We have not listed currency or settlement dates here because we could not confirm them from an exchange circular. Check the currency derivatives holiday notice and the clearing corporation's settlement calendar before you trade across those dates.

How Holidays Shift Weekly and Monthly Expiry

As checked on 16 October 2026, NSE lists Nifty weekly options on Tuesday and monthly options on the last Tuesday of the month. Bank Nifty has monthly and quarterly options, without weekly options. Its listed expiry rule is the last Tuesday of the expiry period.

If the scheduled NSE expiry day is a trading holiday, expiry moves to the preceding trading day. Check the actual contract date in the exchange contract file, especially around clustered holidays. The shift changes the remaining life of the contract; it does not create a predictable profit.

Worked Example: Premium Changes Across a Holiday

Illustrative example: assume an option premium of ₹80 per unit and a total quantity of 65 units. This quantity is an assumption, not a live lot-size quotation. Premium paid is 80 × 65 = ₹5,200, before charges.

Assume the same option is sold after the break at ₹70 per unit. The gross loss is (80 − 70) × 65 = ₹650. This is a made-up exit price, not a forecast from theta. Time remaining, the underlying price, volatility and the spread can all change the reopening premium.

For an option seller, time decay can help if other inputs are unchanged. A holiday does not hand the seller a guaranteed gain: an adverse price gap or rise in implied volatility can outweigh decay.

How Charges and Taxes Apply Around Holidays

Holidays do not remove transaction charges. The bill depends on turnover, instrument, broker tariff and execution. Use the actual contract note for brokerage, STT and other charges; income tax is a separate question.

Keep the trade date, settlement date and charge records around year-end. Ask a qualified tax adviser which period and treatment apply; a delayed settlement alone does not establish a different income-tax year.

• Retain contract notes and broker statements.
• Separate transaction charges from income tax.
• Check settlement notices when a trade is close to a holiday or year-end.

Logging Holiday Week Trades

OneTradeJournal is a manual journal. It does not know the exchange calendar or show market data, so note the holiday yourself when you log a trade. Add your stop, target, emotions and any plan deviation, and the P&L calendar will later show whether holiday weeks behaved differently for you.

Muhurat Trading on Diwali: What It Really Is

Muhurat Trading is a special exchange session associated with Diwali. NSE schedules it for Sunday, 8 November 2026, and says timings will be notified separately. Orders in an open session can create real positions and settlement obligations.

Do not assume the ceremonial nature of the session makes a trade low risk. Check its session timings, contract availability and actual liquidity. There is no verified return advantage established here.

What Is the Muhurat Trading Timing in 2026?

The NSE annual circular lists Diwali Laxmi Pujan on Sunday 8 November 2026, the usual Muhurat day, but the Muhurat notice is separate. As of 28 October 2026 we could not find the session timings in an NSE notice. Timings are announced separately each year, so check the circular for the exact start, end and which segments are included. One data site lists a different date, 21 October 2026, which does not match NSE's annual list.

Liquidity and Volatility Around Holiday Weeks

Liquidity can vary around a holiday. Check the live bid-ask spread and available quantity rather than assuming every pre-holiday session is thin. A market order gives less control over price; a limit order can remain unfilled.

The reopening session can react to news that arrived during the closure. Neither a larger gap nor a volatility crush is certain. Plan for adverse scenarios without assigning a predictable opening premium.

• Check the bid-ask spread before placing an order.
• Consider the risk of a gap beyond a planned stop.
• Review how both price and implied volatility could affect an option.
• Check whether a hedge can be adjusted while its other market is closed.

A Practical Pre Holiday Checklist

Here is a routine to run before a holiday. It helps catch calendar and execution assumptions, but cannot prevent losses.

• Confirm the exact holiday date and which segments are closed (equity, F&O, currency, MCX) on the official NSE and BSE circulars.
• Re check the expiry date of every weekly and monthly contract you hold, because a midweek holiday can pull expiry forward a day.
• For long option positions, review time remaining and adverse price and volatility scenarios.
• For short option positions, review adverse reopening gaps as well as expected time decay.
• Check pending orders, their validity and gap risk; stops cannot trigger while the exchange is closed.
• If you trade across equity and commodity, note any day where one is open and the other is closed, so a hedge does not become one sided.

Use the exchange calendar for the market and segment you trade. For related context, see weekly versus monthly expiry, option premium and trigger and limit prices.

NSE Holidays 2027

We could not find an NSE holiday list for 2027 as of 28 October 2026. When NSE issues it, the circular will name the dates, any Saturday or Sunday festivals and the Muhurat Trading date. Check the NSE circulars page and your broker's notices, and do not use a list from a social post or an unofficial site. Some of the 2026 dates move each year with the lunar calendar, so last year's dates are no guide.

Sources

• NSE: F&O annual holiday calendar (checked 16 Oct 2026)
• NSE: Nifty expiry rules (checked 16 Oct 2026)
• NSE: Bank Nifty option cycles (checked 16 Oct 2026)
• NSE: additional election closure (checked 16 Oct 2026)