Indian Equity Markets Closed for Holi; MCX Trading Hours Adjusted
Indian equity markets, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), remained closed today, Tuesday, March 3, 2026, in observance of the Holi holiday. While the exchanges are closed for the day, celebrations for the festival of colors are expected to continue across much of the country on Wednesday, March 4.
Commodity Exchange Operations
The Multi Commodity Exchange of India (MCX), the country’s largest non-agricultural commodity exchange, adjusted its trading hours. Trading was suspended in the first session (9 am to 5 pm) but resumed in the evening session from 5 pm to 11:30 pm. The National Commodity & Derivatives Exchange (NCDEX), the largest agricultural bourse, remained closed for both trading sessions.
Market Performance on Monday, March 2, 2026
Prior to the holiday closure, frontline indices experienced significant declines on Monday, March 2, 2026, amid broad-based selling pressure. Financial, auto, and consumer stocks were among the hardest hit. The Nifty plunged 313 points, or 1.24%, closing at 24,865.70, while the BSE Sensex fell 1,048 points, or 1.29%, to settle at 80,238.85.
Volatility and Expert Outlook
The India VIX, a measure of market volatility, increased by 25% in the previous session, settling at 17.13. Ajit Mishra, Senior Vice President – Research at Religious Broking, noted that the sharp decline has brought the Nifty closer to its swing low around 24,600. A break below this level could extend the correction towards 24,400. He advises caution, suggesting investors maintain light positions and prioritize disciplined risk management, with the 25,000–25,250 zone seen as an immediate resistance level in the event of a recovery. Economic Times
Upcoming Holiday Schedule
The Indian equity markets have several additional holidays scheduled for 2026, including:
- Thursday, March 26 for Shri Ram Navami
- Tuesday, March 31 for Shri Mahavir Jayanti
- Friday, April 3 for Good Friday
- April 14 for Ambedkar Jayanti
- May 1 for Maharashtra Day
- May 28 for Bakri Id
- June 26 for Muharram
- September 14 for Ganesh Chaturthi
- October 2 for Gandhi Jayanti
- October 20 for Dussehra
- November 10 for Diwali Balipratipada
- November 24 for Guru Nanak Jayanti
- December 25 for Christmas
Notably, Diwali falls on a weekend in 2026, and a special Muhurat Trading session will be conducted on Sunday, November 8, 2026, with timings to be announced separately.
Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own and do not represent the views of The Economic Times.