Indian benchmark indices — the Sensex and Nifty50 — will remain closed on Thursday, May 28, 2026, on account of Bakri Id. According to the official holiday calendar issued by the National Stock Exchange (NSE) and BSE, Indian stock markets will remain OPEN on Wednesday, May 27, 2026, despite confusion among market participants due to differing regional observances of Eid-Al-Adha in India and Gulf countries based on the sighting of the Dhul Hijjah crescent moon. Trading and settlement on BSE and the National Stock Exchange (NSE), including the equity, derivatives, and securities lending and borrowing (SLB) segments, will remain suspended for the day. Normal market activity will resume on Friday, May 29, 2026. As per the latest reports, trading across major segments—including equities, equity derivatives, and currency derivatives—will remain closed for the entire day, with the commodity market potentially having partial trading sessions depending on exchange schedules. However, several other market segments, including equity derivatives, currency derivatives, securities lending and borrowing (SLB), and electronic gold receipts (EGR), will also remain operational on May 27, as confirmed by Times Now.
Banks across the majority of cities in India are closed on May 28 in observance of Bakri Id (Id-Uz-Zuha). As per the RBI holiday calendar, banks across New Delhi will be closed on May 27 in observance of Eid al-Adha. However, many states will observe the festival today, so banks across some states are closed on May 27 as well. Jammu and Srinagar will observe a two-day holiday for Bakri Id, with financial institutions closed on both Wednesday and Thursday. Central government offices and the Supreme Court have revised their working schedule and will be closed on Thursday, May 28. In the states of West Bengal, Andhra Pradesh, and Telangana, state governments have shifted the public holiday for Eid al-Adha to May 28. Eid-al-Adha, also known as Bakri Eid or Eid Qurban, commemorates Prophet Ibrahim's devotion and willingness to sacrifice his son after receiving Allah's command. The festival holds deep religious importance in Islamic tradition and is widely celebrated as the 'Feast of Sacrifice'.
Delhi has announced that all Central Government administrative offices located in Delhi and New Delhi will remain closed on May 28, 2026, in observance of Eid al-Adha, instead of the previously scheduled holiday on May 27, 2026. In Kerala, Thursday will be a holiday for all government offices in the state, including all public sector undertakings, educational institutions, including professional colleges, and institutions falling under the Negotiable Instruments Act 1881. The state government has withdrawn the previously declared holidays for May 26 and May 27 and granted government employees a special casual leave on Friday, May 29, in observance of Eid al-Adha. Jammu and Kashmir will observe a two-day holiday for Bakri Id, with financial institutions closed on both Wednesday and Thursday. The holiday schedule may differ across states, with Eid al-Adha being a gazetted holiday in India and many states announcing official closures.
The Multi Commodity Exchange (MCX) will remain closed during the morning session from 9:00 AM to 5:00 PM, but trading will resume in the evening session from 5:00 PM to 11:30/11:55 PM. As reported by Goodreturns, the National Commodity and Derivatives Exchange (NCDEX) will remain shut for the entire day, with agricultural commodity contracts on NCDEX not trading at all during the holiday. On regular trading days, Indian equity markets operate from Monday to Friday between 9:15 AM and 3:30 PM, with the pre-open session running from 9:00 AM to 9:15 AM. The Indian stock market operates from Monday to Friday, with regular trading on both the National Stock Exchange (NSE) and Bombay Stock Exchange taking place between 9:15 AM and 3:30 PM IST. A pre-open session is held from 9:00 AM to 9:15 AM to determine the opening price of stocks.
Since May 28, 2026, is also a settlement holiday, several important accounting considerations apply to trader accounts. As per Zerodha, your account balance on May 28, 2026, will not include the credits from intraday and F&O profits made in the Equity segment on May 27, 2026. Additionally, profits (Realized and Marked to Market) from trades or positions in the commodity derivatives on May 27, 2026, and credits from exiting option positions on May 27, 2026, will not be reflected in account balances. Trader accounts can check their funds statement on Console to see the unsettled credits in their account. The instant withdrawal facility will remain available for fund withdrawals, though regular withdrawal requests placed on May 28, 2026, will be processed on May 29, 2026, and traders will receive funds by 2 PM on May 30, 2026.
This will mark the ninth stock market holiday of calendar year 2026. According to the BSE holiday list for 2026, the next stock market holiday after May 28 will be on June 26, 2026, for Muharram. Other significant holidays include Ganesh Chaturthi on September 14, Gandhi Jayanti on October 2, Dussehra on October 20, Diwali-Balipratipada on November 10, Guru Nanak Jayanti on November 24, and Christmas on December 25. As reported by Goodreturns, several major festivals in 2026, including Mahashivratri, Eid-Ul-Fitr, Independence Day and Diwali Laxmi Pujan, fall on weekends and therefore do not result in additional weekday market closures. Despite Diwali Laxmi Pujan falling on Sunday, November 8, 2026, exchanges are expected to conduct the traditional Muhurat Trading session on the same day. Stock exchanges remain shut every Saturday and Sunday, and the remaining market holidays for the year are listed below: September 14: Ganesh Chaturthi (Monday) - October 2: Mahatma Gandhi Jayanti (Friday) - October 20: Dussehra (Tuesday) - November 10: Diwali-Balipratipada (Tuesday) - November 24: Prakash Gurpurb Sri Guru Nanak Dev (Tuesday) - December 25: Christmas (Friday).
