What is the significance of Gandhi Jayanti in India?

Gandhi Jayanti is a national holiday in India celebrated on October 2 to mark the birth anniversary of Mahatma Gandhi, the Father of the Nation. Gandhi's ideas of non-violence, truth, and satyagraha shaped India's freedom struggle and continue to inspire movements worldwide.

How did the Indian stock market perform before the holiday?

The Indian equity markets had seen eight consecutive sessions of decline before staging a strong rebound on Wednesday. This was supported by the Reserve Bank of India's (RBI) dovish stance, which hinted at the possibility of future interest rate cuts.

What other major holiday is being celebrated on October 2 in India?

In addition to Gandhi Jayanti, the Hindu festival of Dussehra (Vijayadashami) is also being celebrated on October 2 this year. Dussehra symbolizes the victory of good over evil, marking Lord Rama's triumph over Ravana in the north and the conclusion of the Durga Puja festival in the east.

Home / Business and Economy / Exchanges Shut Down for Dussehra and Gandhi Jayanti Celebrations

Exchanges Shut Down for Dussehra and Gandhi Jayanti Celebrations

3 Oct

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Summary

Indian stock exchanges NSE and BSE closed on October 2 for Dussehra and Gandhi Jayanti
Commodity exchange MCX also observing a complete holiday
Nifty stages strong rebound after 8 sessions of decline, supported by RBI's dovish stance

Exchanges Shut Down for Dussehra and Gandhi Jayanti Celebrations

On October 2, 2025, Indian stock exchanges NSE and BSE will remain shut to observe the national holidays of Dussehra and Gandhi Jayanti. The commodity exchange MCX will also observe a complete holiday, with no trading sessions. This trading pause comes after a volatile period for the markets in the past few days.

Gandhi Jayanti is celebrated annually on October 2 to mark the birth anniversary of Mahatma Gandhi, the Father of the Nation. The day is observed with prayer services, tributes, cultural programs, and cleanliness drives across India. This year, Dussehra (Vijayadashami) also falls on the same date, symbolizing the victory of good over evil.

After eight consecutive sessions of decline, the Indian equity markets staged a strong rebound on Wednesday, with banking and financial stocks leading the upward movement. This was supported by the Reserve Bank of India's (RBI) dovish stance, which hinted at the possibility of future interest rate cuts. Analysts expect the positive momentum to continue when the markets resume trading on Friday, driven by the accommodative monetary policy, favorable monsoon season, and the upcoming festive season.