Description

NSE notifies 19 trading holidays for the Currency Derivatives Segment in 2026, including Republic Day, religious festivals, and national holidays, with Muhurat Trading scheduled for November 8, 2026.

Summary

NSE has notified the trading holidays for the Currency Derivatives Segment for the calendar year 2026. A total of 19 trading holidays have been declared on weekdays, along with 4 holidays falling on weekends. The circular also announces Muhurat Trading on Sunday, November 8, 2026, with specific timings to be notified later.

Key Points

  • 19 trading holidays declared for weekdays in 2026
  • 4 additional holidays fall on Saturday/Sunday (Mahashivratri, Id-Ul-Fitr, Independence Day/Parsi New Year, Diwali Laxmi Pujan)
  • Muhurat Trading scheduled for Sunday, November 8, 2026 (Diwali Laxmi Pujan)
  • Circular issued under Bye-Laws Chapter IX clause 2 and Regulation 2.3.1 of Part A Regulations
  • Applies to all Currency Derivatives Segment members

Regulatory Changes

No regulatory changes. This is a routine annual notification of trading holidays as per existing bye-laws and regulations.

Compliance Requirements

  • All Currency Derivatives Segment members must observe the notified trading holidays
  • Members should plan their trading and operational activities considering the holiday schedule
  • Members should note that Muhurat Trading timings will be communicated separately

Important Dates

Weekday Trading Holidays in 2026:

  • January 26 (Monday) - Republic Day
  • February 19 (Thursday) - Chatrapati Shivaji Maharaj Jayanti
  • March 3 (Tuesday) - Holi
  • March 19 (Thursday) - Gudi Padwa
  • March 26 (Thursday) - Shri Ram Navami
  • March 31 (Tuesday) - Shri Mahavir Jayanti
  • April 1 (Wednesday) - Annual Bank Closing
  • April 3 (Friday) - Good Friday
  • April 14 (Tuesday) - Dr. Baba Saheb Ambedkar Jayanti
  • May 1 (Friday) - Maharashtra Day / Buddha Pournima
  • May 28 (Thursday) - Bakri Id
  • June 26 (Friday) - Muharram
  • August 26 (Wednesday) - Id-E-Milad
  • 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, 2026 (Sunday) - Mahashivratri
  • March 21, 2026 (Saturday) - Id-Ul-Fitr (Ramadan Eid)
  • August 15, 2026 (Saturday) - Independence Day / Parsi New Year
  • November 8, 2026 (Sunday) - Diwali Laxmi Pujan (Muhurat Trading to be conducted)

Special Trading Day:

  • November 8, 2026 (Sunday) - Muhurat Trading (timings to be notified separately)

Impact Assessment

Market Impact:

  • Currency derivatives trading will be unavailable on 19 weekdays in 2026
  • Market participants need to adjust their hedging and trading strategies around these holidays
  • Muhurat Trading provides a special trading opportunity on Diwali Laxmi Pujan despite it being a Sunday

Operational Impact:

  • Trading members must ensure their systems and operations are prepared for the holiday schedule
  • Risk management and position monitoring need to account for extended non-trading periods around holiday clusters (e.g., March-April has 6 holidays)
  • Settlement cycles and margin requirements should be planned considering the holiday calendar

Planning Considerations:

  • Multiple holidays in March-April period (6 holidays) and October-November period (4 holidays) require careful position management
  • Currency market participants engaged in cross-border transactions should coordinate with international market schedules

Impact Justification

Essential information for all currency derivatives market participants to plan trading activities throughout 2026. High impact due to market-wide applicability despite low severity.