India will host the 18th BRICS Leaders' Summit on September 12 and 13, 2026 at Bharat Mandapam in Delhi, creating some confusion among bank customers about holiday schedules. According to Zee News, banks will remain open on September 11, 2026, contrary to initial concerns about summit-related closures. The RBI's official holiday list does not include September 11 as a bank holiday in Delhi, with bank branches operating as usual and essential banking services continuing normally. However, banks will be closed on September 12, 2026 due to it being the second Saturday of the month, not specifically related to the BRICS summit. Additional disruptions may occur on September 11 due to a nationwide strike called by United Forum of Bank Unions, which could impact branch operations across the country. As per Mint, the strike affected banking operations on September 11, with the UFBU representing seven unions and accounting for 90% of officer and employee strength, though private sector banks remained unaffected.
Banks across multiple states will observe Ganesh Chaturthi on September 14 as a bank holiday, with the closure being state-specific rather than nationwide. According to the RBI holiday calendar, banks will remain closed on September 14 in Maharashtra, Odisha, Karnataka, Tamil Nadu, Gujarat, Telangana, Goa, and Andhra Pradesh. The festival is observed under various regional names including Ganesh Puja, Varasiddhi Vinayaka Vratham, Vinayaka Chaturthi and Hartalika. The following day, September 15, brings additional closures tied to Samvatsari (Chaturthi Paksha) in Gujarat, Odisha and Goa, alongside Nuakhai and the second day of Ganesh Chaturthi celebrations depending on the city. As per Business Standard, banks in several Indian cities will remain closed on Monday, September 14, 2026, with the holiday not applicable across the entire country as bank holidays are notified separately for each state and banking centre by the RBI. Major banking centres affected include Mumbai, Nagpur, Belapur, Bengaluru, Chennai, Hyderabad, Panaji, Vijayawada and Bhubaneswar, according to the RBI-based holiday schedule. Banks in Delhi, Jammu and Kashmir, Uttar Pradesh, Lucknow and Kanpur will remain open as the September 14 Ganesh Chaturthi holiday does not cover these centres, subject to any local or branch-specific arrangements.
The National Stock Exchange and the BSE will have no trading or settlement in stocks, derivatives, securities lending and borrowing segments on Monday, September 14. As reported by The Times of India, both exchanges will see no trading for three consecutive days in September, from Saturday, September 12, through Monday, September 14. While September 12 and 13 are regular weekend closures, September 14 is an official trading holiday. Trading on both benchmark exchanges will resume on Tuesday, September 15, 2026, with the regular equity market session beginning at 9:15 AM on Tuesday, September 15, followed by the pre-open session starting at 9 AM. According to the latest BSE website updates, trading in the Equity Segment and Equity Derivative Segment will remain closed on Monday, 14 September 2026. Trading in the Currency Derivatives Segments & NDS-RST and Tri-Party Repo segments will also remain suspended on Monday. However, trading in the Commodity Derivatives Segment and Electronic Gold Receipts (EGR) Segment will also remain closed in the first half, with trading resuming in the second half from 5:00 PM. The Multi Commodity Exchange (MCX) will also be closed for trading for the morning session from 9 AM to 5 PM, but will reopen for trading in the evening session from 5 PM. The evening session will remain open until 11:30 PM or up to 11:55 PM during the period when US Daylight Saving Time is applicable. The remaining market holidays include Mahatma Gandhi Jayanti on October 2, Dussehra on October 20, Diwali-Balipratipada on November 10, Prakash Gurpurb on November 24 and Christmas on December 25. Apart from these scheduled holidays and regular weekend closures, the NSE and BSE will operate as usual on trading days.
Indian stock markets will remain closed today, September 14 on account of Ganesh Chaturthi, with trading suspended across major segments on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). According to Moneycontrol, trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives, and interest rate derivatives will remain shut for the day on both exchanges. Meanwhile, the commodity derivatives segment will remain closed during the morning session from 9:00 am to 5:00 pm, but trading will resume in the evening session between 5:00 pm and 11:30 pm/11:55 pm. Market activity on the NSE and BSE will resume on September 15 (Tuesday). In the previous session on September 11, the Sensex was down 120.83 points or 0.16 percent at 74,781.76, and the Nifty was down 79.70 points or 0.34 percent at 23,398.10. For the week BSE Sensex and Nifty shed 2% each. Broader indices also ended lower, with Nifty Midcap index declining 0.26%, and Smallcap index falling 0.6%. Dr Reddy's Laboratories, HDFC Bank, ITC, Tech Mahindra and Wipro were among the major Nifty gainers, while Hindalco Industries, JSW Steel, Tata Steel, Eicher Motors and ONGC were the top losers. Among sectors, the Nifty Private Bank index rose 0.5%, while the Metal and Realty indices declined more than 2% each.
On Friday, the Indian rupee ended lower for the fourth consecutive session, weakening 11 paise to close at 95.55 per dollar on Friday, compared with the previous close of 95.44. As per Moneycontrol, the Indian rupee extended its downward spiral for a fourth consecutive session, logging its steepest weekly loss since May 15 amid surging crude oil prices and climbing bond yields. Persistent geopolitical tensions and sluggish monsoon rainfall continued to weigh heavily on domestic sentiment, dampening the positive momentum generated by the Reserve Bank of India and government support measures. In the near term, spot USDINR faces resistance at 95.80, with strong support positioned around 95.15, paving the way for a phase of consolidation following the recent sharp upward surge. Oil prices rose sharply amid fresh attacks on Saudi Arabia and vessels in the Gulf region, adding to concerns over disruptions to global energy supplies. Brent crude futures rose 2.6% to $107.36 a barrel after gaining nearly 9% last week, while US crude climbed 2.4% to $102.48 a barrel. The weakness in Asian markets came amid heightened concerns over energy supplies after Saudi Arabia shut its critical East-West pipeline, which provides an alternative route for transporting oil and bypassing the Strait of Hormuz.
