Description
BSE announces trading holidays for 2026 for Currency Derivatives (including Interest Rate Derivatives) and Debt Segment (NDS-RST and Tri Party Repo).
Summary
BSE has announced the trading holiday schedule for Calendar Year 2026 for Currency Derivatives Segments (covering Currency Derivatives and Interest Rate Derivatives products) and Debt Segment (NDS-RST and Tri Party Repo). The exchange will observe 19 trading holidays during 2026, with Muhurat Trading scheduled for Sunday, November 8, 2026 (Diwali). The exchange reserves the right to alter or change any holidays with advance notice.
Key Points
- Total of 19 trading holidays scheduled for 2026 for Currency Derivatives and Debt segments
- Holidays cover national, religious, and regional festivals
- First holiday: Republic Day (January 26, 2026)
- Last holiday: Christmas (December 25, 2026)
- Muhurat Trading confirmed for Sunday, November 8, 2026 (Diwali)
- Two additional holidays fall on weekends: Mahashivratri (February 15) and Independence Day/Parsi New Year (August 15)
- Exchange may alter holidays with separate advance circular
Trading Holiday Schedule 2026
Weekday Holidays (19 total)
- Republic Day - January 26, 2026 (Monday)
- Chatrapati Shivaji Maharaj Jayanti - February 19, 2026 (Thursday)
- Holi - March 3, 2026 (Tuesday)
- Gudhipadwa - March 19, 2026 (Thursday)
- Shri Ram Navami - March 26, 2026 (Thursday)
- Shri Mahavir Jayanti - March 31, 2026 (Tuesday)
- Annual Bank Closing - April 1, 2026 (Wednesday)
- Good Friday - April 3, 2026 (Friday)
- Dr. Baba Saheb Ambedkar Jayanti - April 14, 2026 (Tuesday)
- Maharashtra Day / Buddha Pournima - May 1, 2026 (Friday)
- Bakri Id - May 28, 2026 (Thursday)
- Muharram - June 26, 2026 (Friday)
- Id-E-Milad - August 26, 2026 (Wednesday)
- Ganesh Chaturthi - September 14, 2026 (Monday)
- Mahatma Gandhi Jayanti - October 2, 2026 (Friday)
- Dussehra - October 20, 2026 (Tuesday)
- Diwali Balipratipada - November 10, 2026 (Tuesday)
- Prakash Gurpurb Sri Guru Nanak Dev - November 24, 2026 (Tuesday)
- Christmas - December 25, 2026 (Friday)
Weekend Holidays (2 additional)
- Mahashivratri - February 15, 2026 (Sunday)
- Id-Ul-Fitr (Ramzan Id) - March 21, 2026 (Saturday)
- Independence Day / Parsi New Year - August 15, 2026 (Saturday)
- Diwali Laxmi Pujan - November 8, 2026 (Sunday) - Muhurat Trading scheduled
Compliance Requirements
- Trading members must plan operations around the 19 scheduled holidays
- No trading will be conducted in Currency Derivatives Segment on these dates
- No trading will be conducted in Debt Segment (NDS-RST and Tri Party Repo) on these dates
- Members must prepare for special Muhurat Trading session on November 8, 2026
- Monitor for any subsequent circulars that may alter the holiday schedule
Important Dates
- Effective Period: January 1, 2026 to December 31, 2026
- Muhurat Trading: Sunday, November 8, 2026 (specific timings to be notified separately)
- Notice Date: December 23, 2025
Impact Assessment
Market Operations: Medium impact as trading participants must plan their operations, settlement schedules, and risk management activities around 19 non-trading days spread throughout 2026. This affects liquidity planning and position management.
Affected Segments:
- Currency Derivatives Segment (all currency derivatives products)
- Interest Rate Derivatives products
- Debt Segment (NDS-RST)
- Tri Party Repo market
Operational Planning: Market participants need to adjust trading strategies, margin requirements, and settlement obligations around the holiday schedule. The concentration of holidays in March-April (6 holidays) and October-November (4 holidays) requires particular attention for quarterly planning.
Special Consideration: Muhurat Trading on Sunday, November 8, 2026 will require special operational arrangements as it falls on a weekend.
Impact Justification
Annual holiday schedule notification essential for planning trading activities but routine in nature. Medium impact due to requirement for all market participants to adjust operations around 19 scheduled holidays.