The stock market will remain closed on Thursday, May 28, 2026, on account of Bakri Eid (Eid-ul-Adha). According to the holiday calendar released by the National Stock Exchange of India (NSE), both the BSE and NSE will remain closed for trading on this occasion. The domestic equity markets, including the NSE and the BSE, will also observe regular weekend holidays on May 30 and May 31, with equity, derivatives, currency derivatives, securities lending and borrowing (SLB), and electronic gold receipts (EGR) segments remaining closed on these days. The decision follows regional moon sighting traditions and announcements made by local religious authorities in the Union Territory. The confusion over the Eid holiday date forced the Central Government to revise its official Bakrid holiday notification at the last minute, with the Ministry of Personnel, Public Grievances and Pensions stating that all Central Government Administrative Offices located in Delhi and New Delhi will remain closed on May 28, 2026, on account of Id-ul-Zuha (Bakrid).
While stock markets remain closed, banking operations will continue with some regional variations. State Bank of India (SBI) has postponed its proposed strike by the All India State Bank of India Staff Federation (AISBISF), ensuring all branches will function normally and provide regular banking services. According to the Reserve Bank of India (RBI) holiday calendar, banks in major cities including Kolkata, New Delhi, Mumbai, Chennai, Bengaluru, and Hyderabad will remain closed on May 27, 2026 for Eid-ul-Adha celebrations. Customers can continue using online banking, UPI, mobile banking, and ATM services during these holidays. Most major banks operate between 10 am to 4 pm, with ICICI, HDFC, Axis, Yes Bank, and Kotak Mahindra Bank typically functioning from 9:30 am to 4:30 pm or 3:30 pm, depending on the branch. Bank of Baroda operates between 9:45 am to 4:45 pm or 10 am to 5 pm, while Canara Bank works from 10 am to 3:30 pm.
While most parts of India will observe Bakri Eid on May 28, 2026, Jammu and Kashmir will celebrate the festival a day earlier on May 27 based on local moon sighting traditions. The Department of Personnel and Training (DoPT) announced that Central Government offices in Delhi and New Delhi would remain closed on May 28 instead of May 27. The Supreme Court also revised its holiday calendar, stating it would function normally on May 27 while cases earlier scheduled for May 28 would now be taken up a day earlier. In Andhra Pradesh, the government postponed Intermediate Public Advanced Supplementary Examinations that were earlier scheduled for May 28. The Board of Intermediate Education rescheduled affected exams to June 5 and June 12. Unlike most parts of India, Kashmir is likely to celebrate Eid-ul-Adha on Wednesday, May 27, after local clerics reportedly confirmed the sighting of the crescent moon there. Similarly, countries such as Saudi Arabia, Malaysia, and Indonesia have also announced May 27 as the official date for Eid Al-Adha celebrations this year.
After May, Indian stock markets will remain closed on seven more occasions in 2026, apart from regular weekend holidays. The upcoming market holidays include June 26: Muharram (Friday), 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), and December 25: Christmas (Friday). Several major festivals, including Mahashivratri, Id-Ul-Fitr, Independence Day, and Diwali Laxmi Pujan, fall on weekends in 2026.
According to reports from NDTV Profit, domestic equity benchmarks Sensex and Nifty 50 extended gains to fresh highs in afternoon trade on Friday, May 22. The NSE Nifty 50 rose up to 0.76% to 23,835.65 after a flat opening, while BSE Sensex advanced 624 points, or 0.8%, to 75,807.65. As many as 33 of Nifty's 50 stocks are trading in the green, with financial stocks largely leading the rally as Nifty Financial Services emerged as the top-performing sectoral index.
