Stock Market Holiday, October 2, 2026: Trading On BSE, NSE Shut For Gandhi Jayanti; Sensex, Nifty Weekly Outlook

Stock Market Holiday: Trading on BSE and NSE will be closed for the celebration of Gandhi Jayanti on October 2, 2026, which is also a national holiday. Trading will be closed in equity, derivatives, commodities, bonds, the SLB segment, and the forex market across Indian stock exchanges and MCX.

Stock Market Holiday On October 2, 2026

As per the BSE and NSE holidays list of 2026, October 2nd is declared trading holidays for the equity segment, equity derivatives segment, the currency derivatives segment, the NDS-RST, and Tri Party repo segments.

Trading will also be closed for commodity derivatives and electronic gold receipts.

MCX Holiday On October 2, 2026

MCX operates in two sessions every day – morning session from 9 am to 5 pm — and the evening session from 5 pm to 11:30/11:55 pm. During these two separate sessions, investors have the opportunity to buy and sell in commodities like gold, silver, crude oil, natural gas, lead, copper, and zinc. Generally, MCX’s morning sessions are closed on general holidays, but evening sessions remain open.

However, on Gandhi Jayanti, both morning and evening sessions will be completely closed.

Gandhi Jayanti is a national holiday and is celebrated in the honor of Mahatma Gandhi, who was one of the key leaders during India’s fight for independence against Britishers. Gandhi was popular across the globe and still is for his philosophies on unity and non-violence. He is the face of the Indian currency.

Stock Market Holidays For 3 Days

Since October 2nd falls on Friday, the Indian stock market will also be closed on October 3rd and October 4th due to Saturday and Sunday. Hence, trading is closed for 3-days.

Sensex, Nifty Performance

Sensex dropped by 571 points or 0.8% to end at 71,909.70, yesterday. While the Nifty 50 declined 199 points or 0.9% to close at 22,421.95.

In past five sessions, Sensex and Nifty have crashed by 1,690.3 points and 694 points.

“Indian equities had a difficult, holiday-shortened week which saw benchmarks slip below a key psychological level as a worsening global backdrop overwhelmed domestic support. With the crude prices surging, US Treasury yields neared two-decade highs on expectations of further Fed tightening, narrowing the India-US yield differential and weakening the rupee,” said Vinod Nair, Head of Research, Geojit Investments.

Explaining the latest performance, Nair said, FIIs stepped up selling through the week, while steady DII buying absorbed much of the outflow, cushioning but not arresting the decline. Broader markets fell as much as frontline indices, while heavy IPO issuance drew liquidity away from listed equities. Sectoral weakness was concentrated in rate- and commodity-sensitive segments, with consumer durables, PSU banks, realty and metals under pressure, while autos saw sharper selling following weak wholesale sales data. The IT was the sole gainer, benefiting from rupee depreciation.

Stock Market Outlook

Looking ahead, Nair believes the RBI policy decision will be the key domestic trigger, with pressure to support the rupee and contain imported inflation strengthening expectations of a rate hike. Meanwhile, India’s PMI will indicate whether domestic activity is holding up against global headwinds, while US payrolls, PMI data and FOMC minutes will shape Fed expectations and the direction of global yields. With Q2 earnings expected to be softer than Q1, sentiment is likely to remain fragile.

Also, he added, a meaningful de-escalation in West Asia could trigger a sharp relief rally. Until then, investors should stay selective, favouring earnings visibility and balance-sheet strength, while long-term investors may use market weakness to accumulate quality names gradually.

For the next week, Amol Athawale, VP Technical Research, Kotak Securities said, “We believe the market’s short-term texture is weak but oversold. Therefore, the possibility of a pullback rally from current levels cannot be ruled out. On the downside, 22,200/71300 is a key support zone, while 22,500/72200 is an immediate resistance level. A move above 22,500/72200 could extend the pullback to 22,700-22,800/73000-73200. Conversely, a break below 22,200/71300 could accelerate selling pressure and push the market down to 22,000-21,950/71000-70700.”

For Bank Nifty, Athawale said, 54,000 is a crucial support zone. If it holds above this level, the index could bounce back to 55,000-55,500. However, a break below 54,000 could accelerate selling pressure and increase the chances of a decline to 53,500-53,200.

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in or Greynium Information Technologies Private Limited (together referred as “we”). We do not guarantee, endorse or take responsibility for the accuracy, completeness or reliability of any content, nor do we provide any investment advice or solicit the purchase or sale of securities. All information is provided for informational and educational purposes only and should be independently verified from licensed financial advisors before making any investment decisions.