How many stock market holidays are there on NSE, BSE, and MCX in 2027, and when is Diwali Muhurat Trading?
In the calendar year 2027, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) observe 10 weekday trading holidays (Monday–Friday) across Equity, F&O, and Currency segments, while 9 major festival holidays fall on Saturdays or Sundays. Diwali Muhurat Trading (Vikram Samvat 2084) will take place on Friday, October 29, 2027 (6:15 PM – 7:15 PM IST). Separately, 5 dates are designated as Clearing-Only Settlement Holidays where trading remains open but T+1 payouts pause, and MCX opens its 5:00 PM Evening Session on 7 of the 10 weekday holidays.
Mon–Fri closures (6 in Mar–Apr; includes Oct 29 Muhurat)
Friday — Daytime Closed; Special Session 6:15 PM – 7:15 PM
Aug 15, Sep 4, Oct 2, Oct 9, Oct 30, Nov 14 & Dec 25 on weekends
Feb 19, Apr 1, Apr 7, May 20, Aug 16 (Equity Open, Payout Shut)
1. Interactive 2027 Exchange Holiday Explorer & T+1 / F&O Expiry Simulator
Unlike standard bank calendars, Indian capital and commodity markets operate across distinct regulatory layers: cash equities and index derivatives on NSE and BSE, split morning and evening global commodity sessions on MCX, and interbank depository settlement via NSE Clearing Limited (NCL) and Indian Clearing Corporation Limited (ICCL). Use the interactive explorer below to filter all 2027 dates by exchange segment, or switch to the T+1 & Expiry Simulator to check how mid-week closures affect your option theta decay, BTST trades, and bank payouts.
2027 Stock Market Holiday Explorer & T+1 / F&O Expiry Simulator
Filter NSE, BSE & MCX 2027 dates by segment, or simulate T+1 clearing, BTST auction risk & F&O expiry preponements
| Date & Day (2027) | Occasion | Equity & F&O | MCX Evening | Clearing & Trader Note |
|---|---|---|---|---|
| January 26, 2027Tuesday | Republic DayWeekday Trading Holiday | Closed | Closed (5 PM – 11:55 PM) | Complete pan-India shutdown across all segments; BSE Sensex Tuesday weekly expiry shifts to Monday, Jan 25. |
| February 19, 2027Friday | Chhatrapati Shivaji Maharaj JayantiClearing-Only Holiday | Open (Normal 9:15 AM – 3:30 PM) | Open | Equity & F&O open, but Mumbai RBI clearing grid is closed. Trades from Feb 18 & Feb 19 settle together on Monday, Feb 22. |
| March 6, 2027Saturday | Maha ShivratriWeekend Holiday | Weekend Closed | Weekend Closed | Coincides with regular Saturday closure; zero disruption to weekday trading or F&O expiry. |
| March 10, 2027Wednesday | Id-Ul-Fitr (Ramzan Id)Weekday Trading Holiday | Closed | Open (5 PM – 11:55 PM) | Mid-week equity holiday; MCX reopens at 5:00 PM for bullion, crude oil, and base metals hedging. |
| March 22, 2027Monday (or Tue, Mar 23) | Holi (Dhulivandan / Rangwali Holi)Weekday Trading Holiday | Closed | Open (5 PM – 11:30 PM) | Creates a 3-day equity weekend (Mar 20–22; DoPT Gazetted date: Tue, Mar 23). MCX evening closes at 11:30 PM due to US DST starting Mar 14. |
| March 26, 2027Friday | Good FridayWeekday Trading Holiday | Closed | Closed (Global Markets Shut) | 3-day weekend (Mar 26–28) across Equity and MCX because international COMEX/NYMEX/LME markets are also closed. |
| April 1, 2027Thursday | Annual Bank Closing (FY 2027-28 Day 1)Clearing-Only Holiday | Open (Normal 9:15 AM – 3:30 PM) | Open | Nifty weekly expiry runs normally on Thursday, Apr 1, but cash/F&O MTM settlement is deferred to Friday, Apr 2. |
| April 7, 2027Wednesday | Gudhi PadwaClearing-Only Holiday | Open (Normal 9:15 AM – 3:30 PM) | Open | Maharashtra NI Act holiday; Equity & F&O trade normally while T+1 delivery payouts shift to Thursday, Apr 8. |
| April 14, 2027Wednesday | Dr. Baba Saheb Ambedkar JayantiWeekday Trading Holiday | Closed | Open (5 PM – 11:30 PM) | Day 1 of rare back-to-back mid-week equity shutdown (Apr 14 & Apr 15). Nifty expiry advances to Tuesday, Apr 13! |
| April 15, 2027Thursday | Shri Ram NavamiWeekday Trading Holiday | Closed | Open (5 PM – 11:30 PM) | Day 2 of consecutive mid-week closure. Thursday Nifty 50 weekly expiry preponed by 2 days to Tuesday, Apr 13, 2027. |
| April 19, 2027Monday | Shri Mahavir JayantiWeekday Trading Holiday | Closed | Open (5 PM – 11:30 PM) | Creates a 3-day weekend (Apr 17–19) right after the Apr 14–15 holidays; only Friday, Apr 16 is open between Apr 14 and Apr 19! |
| May 1, 2027Saturday | Maharashtra DayWeekend Holiday | Weekend Closed | Weekend Closed | Falls on Saturday; no weekday trading loss. |
| May 17, 2027Monday | Bakri Id (Eid-ul-Adha)Weekday Trading Holiday | Closed | Open (5 PM – 11:30 PM) | 3-day equity weekend (May 15–17); MCX evening session operates normally from 5:00 PM to 11:30 PM. |
| May 20, 2027Thursday | Buddha PurnimaClearing-Only Holiday | Open (Normal 9:15 AM – 3:30 PM) | Open | Equity & F&O open for Thursday Nifty expiry, but T+1 bank clearing is closed; funds settle on Friday, May 21. |
| June 15, 2027Tuesday (or Wed, Jun 16) | Muharram (Ashura)Weekday Trading Holiday | Closed | Open (5 PM – 11:30 PM) | Last weekday equity holiday before a 19-week uninterrupted weekday trading streak! (DoPT Gazetted date: Wed, Jun 16). |
| August 15, 2027Sunday | Independence Day & Id-E-MiladWeekend Holiday | Weekend Closed | Weekend Closed | Both Independence Day and Milad-un-Nabi coincide with Sunday in 2027. |
| August 16, 2027Monday | Parsi New Year (Shahenshahi)Clearing-Only Holiday | Open (Normal 9:15 AM – 3:30 PM) | Open | Mumbai RBI clearing grid closed; Friday Aug 13 and Monday Aug 16 equity trades settle together on Tuesday, Aug 17. |
| September 4, 2027Saturday | Ganesh ChaturthiWeekend Holiday | Weekend Closed | Weekend Closed | Falls on Saturday; September 2027 has all 22 weekdays open for equity trading. |
| October 2, 2027Saturday | Mahatma Gandhi JayantiWeekend Holiday | Weekend Closed | Weekend Closed | Mandatory national holiday falls on the 1st Saturday of October 2027. |
| October 9, 2027Saturday (or Sun, Oct 10) | Dussehra (Vijayadashami / Dasara)Weekend Holiday | Weekend Closed | Weekend Closed | Coincides with 2nd Saturday / Sunday weekend; weekday trading continues uninterrupted. |
| October 29, 2027Friday | Diwali Laxmi Pujan (Muhurat Trading — Samvat 2084)Muhurat Trading Day | Day Closed | Open 6:15 PM – 7:15 PM (Muhurat) | Open 6:15 PM – 7:15 PM (Muhurat Session) | Regular daytime hours closed. Auspicious 1-hour evening Muhurat Trading session held across NSE, BSE & MCX. |
| October 30, 2027Saturday | Diwali-Balipratipada (Govardhan Puja)Weekend Holiday | Weekend Closed | Weekend Closed | Kartik Shukla Pratipada falls on Saturday, Oct 30, 2027 immediately following Friday Diwali Laxmi Pujan. |
| November 14, 2027Sunday | Prakash Gurpurb Sri Guru Nanak DevWeekend Holiday | Weekend Closed | Weekend Closed | Coincides with Sunday; November 2027 has all 22 weekdays open for regular trading. |
| December 25, 2027Saturday | ChristmasWeekend Holiday | Weekend Closed | Weekend Closed | Coincides with 4th Saturday; December 2027 has all 23 weekdays open on NSE and BSE. |
2. Official NSE & BSE Weekday Trading Holidays Calendar 2027 (Monday to Friday)
Whenever the National Stock Exchange of India (NSE) and Bombay Stock Exchange (BSE) notify a full weekday trading holiday, order matching stops across the Capital Market (Cash Equity, ETFs, REITs, InvITs, SME), Equity Derivatives (Index & Stock Futures and Options), Securities Lending & Borrowing (SLB), and Currency Derivatives segments.
A defining structural feature of the 2027 calendar is its heavy front-loading: 6 of the 10 weekday equity holidays fall within a 40-day window between March 10 and April 19, 2027. Conversely, because Independence Day (August 15), Ganesh Chaturthi (September 4), Mahatma Gandhi Jayanti (October 2), and Dussehra (October 9) all fall on Saturdays or Sundays, Indian equity markets experience a rare 19-week (134-day) stretch without a single weekday trading holiday between June 16 and October 28, 2027.
| Sr. | Date (2027) | Day | Holiday / Festival Occasion | NSE & BSE Equity / F&O | MCX Commodity Status |
|---|---|---|---|---|---|
| 01 | January 26, 2027 | Tuesday | Republic Day | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Closed (5 PM – 11:55 PM) |
| 02 | March 10, 2027 | Wednesday | Id-Ul-Fitr (Ramzan Id) | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Open (5 PM – 11:55 PM) |
| 03 | March 22, 2027 | Monday (or Tue, Mar 23) | Holi (Dhulivandan / Rangwali Holi) | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Open (5 PM – 11:30 PM) |
| 04 | March 26, 2027 | Friday | Good Friday | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Closed (Global Markets Shut) |
| 05 | April 14, 2027 | Wednesday | Dr. Baba Saheb Ambedkar Jayanti | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Open (5 PM – 11:30 PM) |
| 06 | April 15, 2027 | Thursday | Shri Ram Navami | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Open (5 PM – 11:30 PM) |
| 07 | April 19, 2027 | Monday | Shri Mahavir Jayanti | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Open (5 PM – 11:30 PM) |
| 08 | May 17, 2027 | Monday | Bakri Id (Eid-ul-Adha) | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Open (5 PM – 11:30 PM) |
| 09 | June 15, 2027 | Tuesday (or Wed, Jun 16) | Muharram (Ashura) | Closed | Morning: Closed (9 AM – 5 PM) | Evening: Open (5 PM – 11:30 PM) |
| 10 | October 29, 2027 | Friday | Diwali Laxmi Pujan (Muhurat Trading — Samvat 2084) | Day Closed | Open 6:15 PM – 7:15 PM (Muhurat) | Morning: Closed (9 AM – 5 PM) | Evening: Open 6:15 PM – 7:15 PM (Muhurat Session) |
Note on Lunar Hijri Observances: The exact dates for Id-Ul-Fitr (Ramzan Id, projected for Wednesday, March 10, 2027), Bakri Id (Eid-ul-Adha, Monday, May 17, 2027), and Muharram (Tuesday, June 15, 2027) are governed by official moon sighting declarations and Maharashtra General Administration Department (GAD) notifications under Section 25 of the Negotiable Instruments Act.
3. 2027 Stock Market Holidays Falling on Weekends (Saturday & Sunday)
Because NSE and BSE remain closed on all 52 Saturdays and 52 Sundays, any festival that coincides with a weekend does not reduce the number of active weekday trading sessions. In 2027, an unusually high count of 9 statutory holidays fall on Saturdays or Sundays, giving traders full 5-day trading weeks throughout August, September, November, and December 2027:
| Sr. | Date (2027) | Weekend Day | Holiday / Festival Description | Exchange & Settlement Impact |
|---|---|---|---|---|
| 01 | March 6, 2027 | Saturday | Maha Shivratri | Coincides with regular Saturday closure; zero disruption to weekday trading or F&O expiry. |
| 02 | May 1, 2027 | Saturday | Maharashtra Day | Falls on Saturday; no weekday trading loss. |
| 03 | August 15, 2027 | Sunday | Independence Day & Id-E-Milad | Both Independence Day and Milad-un-Nabi coincide with Sunday in 2027. |
| 04 | September 4, 2027 | Saturday | Ganesh Chaturthi | Falls on Saturday; September 2027 has all 22 weekdays open for equity trading. |
| 05 | October 2, 2027 | Saturday | Mahatma Gandhi Jayanti | Mandatory national holiday falls on the 1st Saturday of October 2027. |
| 06 | October 9, 2027 | Saturday (or Sun, Oct 10) | Dussehra (Vijayadashami / Dasara) | Coincides with 2nd Saturday / Sunday weekend; weekday trading continues uninterrupted. |
| 07 | October 30, 2027 | Saturday | Diwali-Balipratipada (Govardhan Puja) | Kartik Shukla Pratipada falls on Saturday, Oct 30, 2027 immediately following Friday Diwali Laxmi Pujan. |
| 08 | November 14, 2027 | Sunday | Prakash Gurpurb Sri Guru Nanak Dev | Coincides with Sunday; November 2027 has all 22 weekdays open for regular trading. |
| 09 | December 25, 2027 | Saturday | Christmas | Coincides with 4th Saturday; December 2027 has all 23 weekdays open on NSE and BSE. |
4. MCX Commodity Market Holidays 2027: Morning (9 AM–5 PM) vs Evening (5 PM–11:30/11:55 PM)
Unlike domestic equity exchanges that operate a single continuous daytime session (9:15 AM to 3:30 PM), the Multi Commodity Exchange of India (MCX) and the NSE/BSE Commodity Derivatives segments operate across two daily sessions so domestic participants can hedge international price movements in Gold, Silver, Crude Oil, Natural Gas, Copper, Aluminium, and Zinc when London (LME) and New York (COMEX/NYMEX) markets open:
- MCX Morning Session (9:00 AM to 5:00 PM IST): Remains closed on all 10 weekday national and domestic festival holidays.
- MCX Evening Session (5:00 PM to 11:30 PM / 11:55 PM IST): Opens at 5:00 PM on 7 of the 10 weekday holidays (Id-Ul-Fitr, Holi, Ambedkar Jayanti, Ram Navami, Mahavir Jayanti, Bakri Id, and Muharram), remaining completely closed only on Republic Day (Jan 26) and Good Friday (Mar 26), and running a 1-hour Muhurat window on Diwali (Oct 29).
Commodity traders must also account for the semi-annual US Daylight Saving Time (DST) shift in 2027. From January 1 to Saturday, March 13, 2027, and from Monday, November 8 to December 31, 2027, the MCX Evening Session for non-agricultural commodities runs until 11:55 PM IST. Between Sunday, March 14, 2027, and Sunday, November 7, 2027 (when US clocks move forward by 1 hour), the MCX Evening Session closes 25 minutes earlier at 11:30 PM IST.
| Date & Day (2027) | Holiday Occasion | Morning Session (9:00 AM – 5:00 PM) | Evening Session (5:00 PM – 11:30 / 11:55 PM) |
|---|---|---|---|
| January 1, 2027 (Fri) | New Year's Day (MCX Evening Only) | Open (9:00 AM – 5:00 PM) | Closed (5:00 PM – 11:55 PM — Global Markets Shut) |
| January 26, 2027 (Tue) | Republic Day | Closed (9 AM – 5 PM) | Closed (5 PM – 11:55 PM) |
| March 10, 2027 (Wed) | Id-Ul-Fitr (Ramzan Id) | Closed (9 AM – 5 PM) | Open (5 PM – 11:55 PM) |
| March 22, 2027 (Mon) | Holi (Dhulivandan / Rangwali Holi) | Closed (9 AM – 5 PM) | Open (5 PM – 11:30 PM) |
| March 26, 2027 (Fri) | Good Friday | Closed (9 AM – 5 PM) | Closed (Global Markets Shut) |
| April 14, 2027 (Wed) | Dr. Baba Saheb Ambedkar Jayanti | Closed (9 AM – 5 PM) | Open (5 PM – 11:30 PM) |
| April 15, 2027 (Thu) | Shri Ram Navami | Closed (9 AM – 5 PM) | Open (5 PM – 11:30 PM) |
| April 19, 2027 (Mon) | Shri Mahavir Jayanti | Closed (9 AM – 5 PM) | Open (5 PM – 11:30 PM) |
| May 17, 2027 (Mon) | Bakri Id (Eid-ul-Adha) | Closed (9 AM – 5 PM) | Open (5 PM – 11:30 PM) |
| June 15, 2027 (Tue) | Muharram (Ashura) | Closed (9 AM – 5 PM) | Open (5 PM – 11:30 PM) |
| October 29, 2027 (Fri) | Diwali Laxmi Pujan (Muhurat Trading — Samvat 2084) | Closed (9 AM – 5 PM) | Open 6:15 PM – 7:15 PM (Muhurat Session) |
5. 2027 Clearing & Settlement Holidays (NCL & ICCL): Impact on T+1 Payouts & BTST Trades
One of the most overlooked operational risks in Indian equity trading is the distinction between a Trading Holiday and a Clearing (Settlement) Holiday. Because India's clearing corporations—NSE Clearing Limited (NCL) and Indian Clearing Corporation Limited (ICCL)—and the central depositories (CDSL and NSDL) are headquartered in Mumbai, their fund and securities settlement grids depend on the Reserve Bank of India (RBI) Mumbai Regional Office remaining open under Section 25 of the Negotiable Instruments Act, 1881.
On five specific weekdays in 2027, Maharashtra observes a statutory bank holiday or annual bank closing while NSE and BSE keep Equity and F&O order books open:
| Date & Day (2027) | Clearing Holiday Occasion | Equity & F&O Trading | Currency, Debt & NCL Clearing | Combined T+1 Settlement Date |
|---|---|---|---|---|
| February 19, 2027 (Friday) | Chhatrapati Shivaji Maharaj Jayanti | Open (9:15 AM – 3:30 PM) | Closed (No Payout/Pay-in) | Equity & F&O open, but Mumbai RBI clearing grid is closed. Trades from Feb 18 & Feb 19 settle together on Monday, Feb 22. |
| April 1, 2027 (Thursday) | Annual Bank Closing (FY 2027-28 Day 1) | Open (9:15 AM – 3:30 PM) | Closed (No Payout/Pay-in) | Nifty weekly expiry runs normally on Thursday, Apr 1, but cash/F&O MTM settlement is deferred to Friday, Apr 2. |
| April 7, 2027 (Wednesday) | Gudhi Padwa | Open (9:15 AM – 3:30 PM) | Closed (No Payout/Pay-in) | Maharashtra NI Act holiday; Equity & F&O trade normally while T+1 delivery payouts shift to Thursday, Apr 8. |
| May 20, 2027 (Thursday) | Buddha Purnima | Open (9:15 AM – 3:30 PM) | Closed (No Payout/Pay-in) | Equity & F&O open for Thursday Nifty expiry, but T+1 bank clearing is closed; funds settle on Friday, May 21. |
| August 16, 2027 (Monday) | Parsi New Year (Shahenshahi) | Open (9:15 AM – 3:30 PM) | Closed (No Payout/Pay-in) | Mumbai RBI clearing grid closed; Friday Aug 13 and Monday Aug 16 equity trades settle together on Tuesday, Aug 17. |
Three Critical Rules for Clearing Holidays:
- No T+1 Demat Credit or Bank Withdrawal: Shares purchased on the business day prior to a clearing holiday (T-1) are not credited to your Demat account on the clearing holiday; both T-1 and T day trades settle together on the next open clearing day. Similarly, F&O mark-to-market (MTM) profits and equity sale proceeds cannot be withdrawn to your bank account on a clearing holiday.
- Elevated BTST (Buy Today, Sell Tomorrow) Auction Risk: If you buy shares on Thursday, February 18, 2027, and sell them on Friday, February 19, 2027 (Shivaji Jayanti Clearing Holiday), both legs settle simultaneously on Monday, February 22. If the counterparty who sold you shares on February 18 defaults on delivery, your February 19 sale automatically enters a short-delivery auction penalty.
- Currency Derivatives & NDS-OM Shutdown: Because interbank forex and RBI Government Securities (G-Sec) desks are closed on Negotiable Instruments Act holidays in Mumbai, USD-INR, EUR-INR, GBP-INR, and JPY-INR currency contracts, SLB settlements, and Tri-Party Repo segments remain closed on all 5 clearing holidays.
6. Diwali Muhurat Trading 2027 (Vikram Samvat 2084): Complete 5-Phase Schedule
For over six decades on the Bombay Stock Exchange and three decades on the National Stock Exchange, Indian capital markets have celebrated Diwali Laxmi Pujan with a special 1-hour ceremonial trading session known as Muhurat Trading. In 2027, Diwali Laxmi Pujan (Kartik Amavasya) falls on Friday, October 29, 2027, ushering in the traditional Hindu accounting year Vikram Samvat 2084.
While normal daytime trading (9:15 AM to 3:30 PM) remains closed on Friday, October 29, 2027, NSE, BSE, and MCX open in the evening across Equity, Equity Derivatives (F&O), Currency Derivatives, Commodity Derivatives, and SLB segments:
| Muhurat Session Phase | Standard Window (IST) | Operational Activity & Order Rules |
|---|---|---|
| 1. Block Deal Session | 05:45 PM – 06:00 PM | Institutional high-value block trades (minimum order size ₹10 Crore) executed at reference prices. |
| 2. Pre-Open Session | 06:00 PM – 06:15 PM | Order entry/modification from 6:00 PM to 6:08 PM; equilibrium price discovery & matching from 6:08 PM to 6:15 PM. |
| 3. Normal Market & F&O / MCX Session | 06:15 PM – 07:15 PM | Continuous 60-minute live trading across Cash Equity, Nifty/Sensex F&O, Currency, and MCX Gold/Silver/Crude contracts. |
| 4. Call Auction (Illiquid Scrips) | 06:20 PM – 07:05 PM | Periodic call auction matching for restricted and illiquid securities. |
| 5. Closing & Trade Modification | 07:15 PM – 07:35 PM | Closing price calculation (weighted average of 6:45 PM – 7:15 PM) and post-closing market-at-close order window. |
Because Friday, October 29, 2027, is immediately followed by Saturday, October 30 (Diwali Balipratipada / Weekend) and Sunday, October 31, all delivery trades executed during the 2027 Muhurat Trading session settle on Monday, November 1, 2027 under the T+1 rolling settlement cycle.
7. 2027 F&O Expiry Preponement Calendar: Nifty Thursdays & Sensex Tuesdays
Following SEBI's index derivatives rationalization framework (limiting each exchange to one benchmark weekly index options expiry—NSE Nifty 50 on Thursdays and BSE Sensex on Tuesdays, with monthly expiries on the final Thursday/Tuesday of each calendar month), any trading holiday coinciding with a Tuesday or Thursday forces the expiry backward to the immediately preceding open session.
In 2027, derivatives traders must prepare for three major expiry preponements, including a rare two-day backward shift in April 2027:
| 2027 Holiday Date | Holiday Occasion | Affected Derivatives Expiry | Revised Preponed Expiry Day | Option Greeks & Margin Impact |
|---|---|---|---|---|
| Tuesday, Jan 26, 2027 | Republic Day | BSE Sensex Weekly & Monthly Expiry (Tuesday) | Monday, Jan 25, 2027 | Monthly & Weekly Sensex contracts expire 24 hours early on Monday; 1-day less theta decay window. |
| Wednesday, Apr 14 & Thursday, Apr 15, 2027 | Ambedkar Jayanti + Shri Ram Navami (2-Day Cluster) | NSE Nifty 50 Weekly Expiry (Thursday) | Tuesday, Apr 13, 2027 | Because both Apr 15 (Thu) and Apr 14 (Wed) are holidays, Nifty weekly expiry shifts 2 full days back to Tuesday, Apr 13! |
| Tuesday, Jun 15, 2027 | Muharram | BSE Sensex Weekly Expiry (Tuesday) | Monday, Jun 14, 2027 | Sensex weekly options expire on Monday afternoon; physical/cash margin blocks adjust on Monday. |
8. Standard NSE, BSE & MCX Trading Hours across All Segments (2027 Reference)
On all normal working days (Monday through Friday, excluding the 10 weekday holidays listed in Section 2), Indian stock and commodity exchanges follow strict session cut-offs:
| Market Segment | Pre-Open / Morning Window | Continuous Trading Hours | Closing / Post-Close Window |
|---|---|---|---|
| Equity Cash Market (NSE & BSE) | 09:00 AM – 09:15 AM | 09:15 AM – 03:30 PM | 03:40 PM – 04:00 PM (Post-Close) |
| Equity Derivatives (F&O — Nifty / Sensex) | No Pre-Open Session | 09:15 AM – 03:30 PM | 3:30 PM VWAP Closing |
| Block Deal Windows (Morning & Afternoon) | Window 1: 08:45 AM – 09:00 AM | Window 2: 02:05 PM – 02:20 PM | ±1% price band from reference price |
| Currency Derivatives & Interest Rate Futures | Opens Directly at 09:00 AM | 09:00 AM – 05:00 PM | RBI Reference Rate at 12:30 PM |
| MCX Non-Agri Commodities (Bullion, Energy, Metals) | Morning: 09:00 AM – 05:00 PM | Evening: 05:00 PM – 11:30 / 11:55 PM | 11:30 PM (Mar 14–Nov 7 DST); 11:55 PM (Winter) |
| MCX Agricultural Commodities (Cotton, Mentha, Kapas) | Morning: 09:00 AM – 05:00 PM | 09:00 AM – 05:00 PM ( select up to 9 PM) | Closed during late-night US session |
9. 6-Step Risk, Margin & Liquidity SOP Before 2027 Market Holidays
Whether you are an active option writer, swing trader, or mutual fund allocator, executing a structured pre-holiday checklist protects your portfolio from overnight global gap risks and settlement bottlenecks. At the same time, traders whose F&O turnover crosses statutory thresholds should track their year-end books alongside our Section 44AB Tax Audit Guide for Traders and Section 54F Capital Gains Tax Exemption Rules.
Hedge Mid-April Gap Risk
Between Wednesday, April 14 and Monday, April 19, 2027, Indian equity markets are closed on 5 out of 6 calendar days. Avoid carrying unhedged naked short straddles across this window; buy cheap out-of-the-money (OTM) protective wings.
Pause BTST Before Clearing Holidays
Check the 5 Clearing-Only holidays (Feb 19, Apr 1, Apr 7, May 20, Aug 16). Never sell T-1 delivery purchases on a clearing holiday to avoid short-delivery auction penalties of up to 20%.
Pre-Fund MCX Evening Margins
On the 7 split-session holidays where MCX opens at 5:00 PM, bank RTGS/NEFT remains active 24x7, but broker back-office manual ledger allocations may be slower. Add commodity margin before 3:30 PM on the previous working day.
Time Mutual Fund NAV Cut-Offs
For Liquid and Overnight mutual fund redemptions before a long weekend, submit orders before 3:00 PM on the preceding working day so payout reaches your bank via NEFT before the holiday starts.
Convert Muhurat Intraday to CNC
During the 60-minute Diwali Muhurat session on Friday, October 29, 2027 (6:15 PM – 7:15 PM), broker RMS systems auto-square off MIS intraday trades around 7:00 PM. Use CNC (Cash & Carry) for auspicious long-term delivery buys.
Audit Quarterly Payout Settlement
Under SEBI's mandatory Friday/Saturday running account settlement rules, unused broker wallet funds are swept back to your bank. Re-transfer margin via UPI or Net Banking on Monday morning before 9:00 AM pre-open.
10. Verified Video Walkthroughs: NSE/BSE Holiday Rules, Muhurat Trading, T+1 Settlement & MCX Sessions
Watch these four verified tutorials covering the official NSE and BSE trading holiday framework, Diwali Muhurat Trading mechanics, SEBI's T+1 rolling settlement cycle, and MCX commodity trading sessions:
Recommended Video Tutorials & Practical Guides
Recommended Video Tutorials & Practical Guides
11. Verified Expert Insights & Practitioner Disclosures
Institutional derivatives heads, clearing risk architects, and commodity hedging specialists share their operational takeaways for the 2027 Indian market calendar:
Head of Derivatives Desk & Clearing Risk | NSE/BSE Institutional Member
“The biggest derivatives trap in the 2027 calendar falls in mid-April. Because both Wednesday, April 14 (Ambedkar Jayanti) and Thursday, April 15 (Ram Navami) are exchange holidays, the Thursday Nifty 50 weekly expiry prepones all the way to Tuesday, April 13—compressing a 5-day theta cycle into just two trading sessions (Monday and Tuesday).”
Algorithmic Prop Trader & Clearing Systems Architect
“Retail traders lose money on BTST trades during Mumbai settlement holidays like Shivaji Jayanti (Feb 19), Annual Bank Closing (Apr 1), Gudhi Padwa (Apr 7), Buddha Purnima (May 20), and Parsi New Year (Aug 16). NSE is open, but NCL and CDSL/NSDL depositories do not run T+1 delivery batches—so selling T-1 holdings triggers short-delivery auction risk.”
VP — Commodity Hedging & Bullion Research
“Out of 10 weekday equity holidays in 2027, MCX opens its Evening Session (5:00 PM to 11:30/11:55 PM) on 7 of them—including Holi, Ramzan Id, Ambedkar Jayanti, Ram Navami, Mahavir Jayanti, Bakrid, and Muharram. Since US Federal Reserve data and COMEX Gold/Crude move aggressively during US morning hours, domestic hedgers are never locked out.”
Capital Gains Tax & Mutual Fund Treasury Advisor
“Look closely at the 2027 calendar between June 16 and October 28: Independence Day (Aug 15), Ganesh Chaturthi (Sep 4), Gandhi Jayanti (Oct 2), and Dussehra (Oct 9) all land on Saturdays or Sundays. That gives Indian equity markets 96 straight weekday sessions without a single mid-week holiday.”
12. Frequently Asked Questions (FAQs): Stock Market Holidays 2027 (NSE, BSE & MCX)
How many weekday trading holidays are there on NSE and BSE in 2027?
In the calendar year 2027, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) observe 10 weekday trading holidays (Monday through Friday) across the Equity, Equity Derivatives (F&O), and SLB segments. This includes Friday, October 29, 2027 (Diwali Laxmi Pujan), when regular daytime trading remains closed but a special 1-hour evening Muhurat Trading session is conducted. Separately, 9 major national and festival holidays fall on Saturdays or Sundays in 2027.
When is Diwali Muhurat Trading in 2027 and what are the exact session timings?
Diwali Laxmi Pujan (Amavasya) in 2027 falls on Friday, October 29, 2027, marking the commencement of Hindu Vikram Samvat 2084. While normal daytime market operations remain closed, NSE, BSE, and MCX conduct the ceremonial 1-hour Muhurat Trading window in the evening—typically featuring a Pre-Open session from 6:00 PM to 6:08 PM and continuous trading from 6:15 PM to 7:15 PM IST.
Why are there zero weekday stock market holidays between mid-June and late October 2027?
A unique calendar alignment occurs in 2027 where four major third-quarter and fourth-quarter holidays—Independence Day (Sunday, August 15), Ganesh Chaturthi (Saturday, September 4), Mahatma Gandhi Jayanti (Saturday, October 2), and Dussehra / Vijayadashami (Saturday, October 9)—all coincide with regular weekend closures. Consequently, between Muharram (Tuesday, June 15, 2027) and Diwali Laxmi Pujan (Friday, October 29, 2027), Indian equity markets run for 19 consecutive weeks without a single mid-week trading holiday.
What happens if a weekly or monthly F&O expiry day falls on a stock market holiday in 2027?
Under NSE and BSE derivatives exchange bylaws, whenever a scheduled weekly or monthly Futures and Options (F&O) contract expiry coincides with a declared trading holiday, the expiry automatically advances to the immediately preceding trading business day (T-1). For instance, because Thursday, April 15, 2027 (Shri Ram Navami) and Wednesday, April 14, 2027 (Dr. B.R. Ambedkar Jayanti) are consecutive holidays, Nifty weekly contracts expiring on April 15 shift backward to Tuesday, April 13, 2027.
Does the MCX commodity exchange remain open on NSE and BSE trading holidays in 2027?
MCX operates on a split-session model: the Morning Session (9:00 AM to 5:00 PM IST) and the Evening Session (5:00 PM to 11:30 PM / 11:55 PM IST). On most domestic festival holidays—such as Id-Ul-Fitr (March 10), Holi (March 22), Ambedkar Jayanti (April 14), Ram Navami (April 15), Mahavir Jayanti (April 19), Bakri Id (May 17), and Muharram (June 15)—MCX closes the Morning Session but opens the Evening Session at 5:00 PM so Indian bullion, energy, and metal traders can hedge live price movements on US COMEX and NYMEX exchanges.
On which 2027 holidays is MCX completely closed for both morning and evening sessions?
In 2027, MCX remains completely shut for both the Morning and Evening sessions on two weekday holidays: Republic Day (Tuesday, January 26, 2027) and Good Friday (Friday, March 26, 2027, when international COMEX and LME exchanges are also closed). On Friday, October 29, 2027 (Diwali Laxmi Pujan), regular sessions remain closed except for the 1-hour evening Muhurat Trading window.
What is the difference between a Trading Holiday and a Clearing (Settlement) Holiday?
On a Trading Holiday, order matching engines on NSE and BSE are completely closed and no buying or selling takes place. On a Clearing or Settlement Holiday—such as Chhatrapati Shivaji Maharaj Jayanti (Feb 19, 2027), Annual Bank Closing (Apr 1, 2027), Gudhi Padwa (Apr 7, 2027), Buddha Purnima (May 20, 2027), and Parsi New Year (Aug 16, 2027)—equity and F&O trading remains 100% open, but NSE Clearing Limited (NCL), Indian Clearing Corporation Limited (ICCL), and RBI Mumbai banking grids remain closed for T+1 share delivery and fund payouts.
How do settlement holidays affect BTST (Buy Today, Sell Tomorrow) trades and T+1 payouts?
When you buy equity shares on the day before a Settlement Holiday (or on the Settlement Holiday itself), both days' trades are clubbed and settled together on the next clearing working day. If you execute a BTST trade across a clearing holiday, the shares from your first purchase have not yet been credited by the depository (CDSL/NSDL), exposing you to short-delivery auction penalties if your seller defaults.
Why do MCX evening trading hours change between 11:30 PM and 11:55 PM IST during 2027?
MCX synchronizes its evening closing bell with United States Daylight Saving Time (DST) to match NYMEX and COMEX trading hours. From January 1 to March 13, 2027, and again from November 8 to December 31, 2027 (US Standard Time), MCX closes at 11:55 PM IST. Between Sunday, March 14, 2027, and Sunday, November 7, 2027 (US Daylight Saving Time), MCX closes 25 minutes earlier at 11:30 PM IST.
Are NSE and BSE open for trading on April 1, 2027 (Annual Bank Closing)?
Yes. Thursday, April 1, 2027, is observed by commercial banks and the RBI as 'Annual Closing of Bank Accounts' to finalize FY 2026-27 books. On this day, the Equity (Cash) and Equity Derivatives (F&O) segments on NSE and BSE remain open for normal trading from 9:15 AM to 3:30 PM. However, the Currency Derivatives segment, Corporate Debt/NDS-OM markets, and T+1 clearing settlements remain closed.
Can I place After Market Orders (AMO) and Good-Till-Triggered (GTT) orders on a stock market holiday?
You can place or modify After Market Orders (AMO) through your broker terminal (Zerodha Kite, Groww, Angel One, Upstox) on any weekend or trading holiday; the broker queues these orders and transmits them to the NSE/BSE pre-open or normal order book at 9:00 AM / 9:15 AM on the next open trading day. Existing GTT and stop-loss orders remain dormant during market closures because exchange matching engines are offline.
How do stock market and bank holidays impact Mutual Fund NAV cut-off rules in 2027?
Under SEBI Mutual Fund Regulations, NAV allotment depends on when funds reach the Asset Management Company's (AMC) collection account before the cut-off time (1:30 PM for Liquid/Overnight funds; 3:00 PM for Equity/Debt funds). Orders placed on a stock market or RBI clearing holiday are processed on the next business day, and for Liquid/Overnight subscriptions, unit allotment uses the historic NAV of the calendar day immediately preceding the next business day.
What are the two biggest multi-day stock market holiday clusters in 2027?
Both peak holiday clusters in 2027 occur during March and April: first, in late March when Holi falls on Monday, March 22 (creating a 3-day weekend from Mar 20–22) followed four days later by Good Friday on March 26 (creating another 3-day weekend from Mar 26–28); second, in mid-April when Ambedkar Jayanti (Wednesday, April 14) and Ram Navami (Thursday, April 15) shut markets for two consecutive mid-week days, immediately followed by a 3-day weekend for Mahavir Jayanti (Saturday, April 17 to Monday, April 19).
Does NSE or BSE conduct special Saturday disaster recovery (DR) live trading sessions in 2027?
Yes. Under SEBI cybersecurity and business continuity mandates, NSE and BSE periodically conduct unannounced or scheduled live Saturday Disaster Recovery (DR) switchover sessions—typically featuring two short sessions (9:15 AM to 10:00 AM from the Primary Site and 11:30 AM to 12:30 PM from the DR Site) with reduced 5% price bands. Exact Saturday DR testing dates for 2027 are notified via exchange circulars 7 to 10 days in advance.
Is the Indian stock market or MCX closed on New Year's Day (Friday, January 1, 2027)?
On Friday, January 1, 2027 (New Year's Day), NSE and BSE remain 100% open for normal trading across Equity, Equity Derivatives (F&O), and Currency segments. On the Multi Commodity Exchange (MCX), the Morning Session (9:00 AM to 5:00 PM IST) remains open for trading, while the Evening Session (5:00 PM to 11:55 PM IST) remains closed because international reference markets (NYMEX, COMEX, and LME) are shut for New Year's Day.
When do NSE, BSE, and MCX release their official 2027 holiday circular, and what statutory baseline is used?
NSE, BSE, and MCX formally issue their annual trading and clearing holiday circulars in mid-to-late December 2026 (aligned with Central Government DoPT Office Memorandum F.No. 12/2/2023-JCA dated July 16, 2026, and the Maharashtra General Administration Department notification under Section 25 of the Negotiable Instruments Act, 1881).
