Description
BSE announces 15 trading holidays for the Securities Lending and Borrowing (SLB) segment during calendar year 2026, including Republic Day, Diwali, and other national and religious holidays.
Summary
BSE has notified trading members of 15 holidays that will be observed during calendar year 2026 for the Securities Lending and Borrowing (SLB) segment. The circular also notes that Muhurat Trading will be conducted on Sunday, November 8, 2026 (Diwali), with timings to be announced later. Two additional holidays (Mahashivratri and Independence Day) fall on weekends.
Key Points
- 15 trading holidays declared for SLB segment in 2026
- Holidays include national holidays (Republic Day, Independence Day, Gandhi Jayanti) and religious festivals (Holi, Diwali, Christmas, Eid, etc.)
- Muhurat Trading scheduled for Sunday, November 8, 2026 (Diwali) - timings to be notified separately
- Two holidays fall on weekends: Mahashivratri (February 15) and Independence Day (August 15)
- Exchange reserves right to alter/change holidays with advance notice
Regulatory Changes
No regulatory changes. This is an annual operational calendar notification.
Compliance Requirements
- Trading members must plan their SLB segment operations around these 15 holidays
- Market participants should note that no trading will occur on these dates in the SLB segment
- Members should prepare for special Muhurat Trading session on November 8, 2026
Important Dates
2026 Trading Holidays (SLB Segment):
- January 26 (Monday) - Republic Day
- March 3 (Tuesday) - Holi
- March 26 (Thursday) - Shri Ram Navami
- March 31 (Tuesday) - Shri Mahavir Jayanti
- April 3 (Friday) - Good Friday
- April 14 (Tuesday) - Dr. Baba Saheb Ambedkar Jayanti
- May 1 (Friday) - Maharashtra Day
- May 28 (Thursday) - Bakri Id
- June 26 (Friday) - Muharram
- September 14 (Monday) - Ganesh Chaturthi
- October 2 (Friday) - Mahatma Gandhi Jayanti
- October 20 (Tuesday) - Dussehra
- November 10 (Tuesday) - Diwali Balipratipada
- November 24 (Tuesday) - Prakash Gurpurb Sri Guru Nanak Dev
- December 25 (Friday) - Christmas
Weekend Holidays:
- February 15 (Sunday) - Mahashivratri
- March 21 (Saturday) - Id-Ul-Fitr (Ramzan Id)
- August 15 (Saturday) - Independence Day
Special Trading Session:
- November 8 (Sunday) - Muhurat Trading (Diwali Laxmi Pujan) - timings to be announced
Impact Assessment
Market Impact: Medium - The holiday schedule affects all SLB segment participants and requires advance planning for securities lending and borrowing activities. The distribution of holidays throughout the year impacts liquidity planning and settlement cycles.
Operational Impact: Trading members need to incorporate these holidays into their operational calendars, risk management systems, and client communication. The special Muhurat Trading session on November 8, 2026 requires separate operational preparation.
Planning Considerations: With holidays spread across the year and several occurring mid-week, market participants should plan their SLB transactions accounting for extended non-trading periods, particularly around festival clusters in October-November 2026.
Impact Justification
Annual holiday schedule notification for SLB segment trading. Medium impact as it affects trading operations planning for the entire year 2026. All market participants need to be aware of these dates for operational planning.