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Mahavir Jayanti Closes Indian Stock Exchanges
31 Mar
Summary
- Indian stock markets observed Mahavir Jayanti holiday on Tuesday.
- Global tensions and foreign selling impacted Indian markets.
- MCX trading resumes evening session; NCDEX closed all day.
Indian equity markets, including the BSE and NSE, were closed on Tuesday, March 31, 2026, to observe the Mahavir Jayanti holiday. This closure occurred as global markets faced strain due to geopolitical tensions involving Iran, the US, and Israel. The Indian stock market had already experienced significant losses in the preceding month and on Monday, March 30.
Heightened global geopolitical tensions have led to sharp declines in international equities, consequently impacting domestic markets. Additional factors weighing on Indian markets include persistent foreign investor selling, macroeconomic concerns, and a weakening rupee. Despite the equity market holiday, commodity trading saw partial operation. The MCX's morning session was closed, but its evening session was scheduled to open, while the NCDEX remained closed all day.
This Mahavir Jayanti holiday is the fifth of 16 scheduled trading closures for 2026. Further market holidays include Good Friday on April 3 and Dr. B.R. Ambedkar Jayanti on April 14. May will feature holidays on May 1 for Maharashtra Day and May 28 for Bakri Id, followed by Muharram on June 26. The exchanges have indicated that any revisions to the holiday schedule will be communicated promptly.
