Indian Stock Markets Closed for Gandhi Jayanti on October 2

India's two main stock exchanges, the NSE and BSE, were closed for trading on October 2 because of the Gandhi Jayanti holiday. This national holiday marks the birth anniversary of Mahatma Gandhi and is one of several fixed holidays on India's annual market holiday list.

NSE stands for National Stock Exchange, and BSE stands for Bombay Stock Exchange. Together they handle most of India's stock trading. Both exchanges publish their holiday calendars in advance so investors can plan their trading schedules, including the list for the next year, 2026.

On days when the markets are closed, no equity trading takes place, meaning investors cannot buy or sell shares through these exchanges. However, other parts of the economy continue to move. On October 2, the Indian rupee weakened against other currencies, even though the stock market itself was shut.

At the same time, global oil prices remained elevated. Oil prices affect many parts of the Indian economy, since the country imports a large share of the oil it uses. A weaker rupee combined with high oil prices can raise costs for businesses and consumers.

Investors and traders in India often check the official holiday list each year to confirm which days the markets will be closed. This helps them avoid confusion, especially around national holidays like Gandhi Jayanti, when banks and some other institutions may also be shut.