Daijiworld Media Network - Mumbai

Mumbai, Oct 2: Indian equity markets remained closed on Friday on account of Mahatma Gandhi Jayanti, with trading suspended across segments including equity, derivatives and securities lending and borrowing (SLB) on both the BSE and National Stock Exchange (NSE).

The market closure comes ahead of the weekend, resulting in no trading activity on domestic stock exchanges for three consecutive days, including the regular Saturday and Sunday holidays.

Trading on the BSE and NSE will resume on Monday, October 5.

According to the official market holiday calendar, October has two trading holidays -- October 2 for Mahatma Gandhi Jayanti and October 20 for Dussehra. The remaining scheduled market holidays in 2026 are Diwali-Balipratipada on November 10, Prakash Gurpurb on November 24 and Christmas on December 25.

The Multi Commodity Exchange of India (MCX) also remained closed in both its morning and evening sessions.

On Thursday, equity benchmarks ended lower for the fourth consecutive session this week amid continued foreign fund outflows, elevated bond yields and a fresh rise in crude oil prices.

The Sensex fell 570.59 points, or 0.79 per cent, to close at 71,909.70. During the session, the index had declined as much as 1,187.41 points, or 1.63 per cent, to 71,292.88.

Similarly, the Nifty settled 198.50 points, or 0.88 per cent, lower at 22,421.95.

According to market experts, the overall bias remained negative, although the sharply oversold Relative Strength Index (RSI) suggested that the market was entering a zone where a technical rebound could emerge.

“The ability to sustain above the breached April 2025 swing-low region will be important for stabilisation, while continued weakness below this area could keep the broader downtrend intact,” they said.

They further noted that any recovery at this stage would be closely watched for signs of sustained buying rather than merely a short-term bounce.