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Exchanges Shut Down for Dussehra and Gandhi Jayanti Celebrations
2 Oct
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
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.
