Stock Market Holiday Today: BSE, NSE Shut on March 31 for Mahavir Jayanti

Stock Market Holiday Today: BSE, NSE Shut on March 31 for Mahavir Jayanti​

Trading Halt Across Equity and Commodity Markets​

Mumbai, March 31: The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) remain closed on Tuesday on account of Shri Mahavir Jayanti, pausing equity market activity for the day.

Apart from this holiday, stock exchanges are scheduled to observe 11 more official holidays in 2026, excluding weekends.

MCX Partial Closure, NCDEX Shut for Full Day​

In the commodity segment, the Multi Commodity Exchange of India (MCX) is closed during the morning session from 9 am to 5 pm due to the festival. Trading on MCX will resume in the evening session from 5 pm to 11:30 pm.

Meanwhile, the National Commodity and Derivatives Exchange (NCDEX) remains closed for the entire day.

Mahavir Jayanti Observed Globally​

Mahavir Jayanti marks the 2624th birth anniversary of Lord Mahavira and is celebrated by Jain communities across the world.

Markets Under Pressure Amid Global Uncertainty​

The market holiday comes at a time when global geopolitical tensions have triggered a sharp sell-off in equities.

Domestic markets have been facing sustained pressure due to continuous foreign institutional investor outflows, macroeconomic concerns, and weakness in the rupee.

At the same time, the US President has indicated that the war with Iran is either over or nearing its end, while the broader West Asia conflict continues into its fifth week.

GIFT Nifty Signals Positive Opening​

Despite recent volatility, GIFT Nifty futures, considered an early indicator for the Nifty index, were trading higher by around 1 per cent or 250 points at 22,690 as of 9:10 am.

Global Markets End Lower​

Global market sentiment remained weak. On Wall Street, the S&P 500 declined 0.39 per cent, while the Nasdaq fell 0.73 per cent.

In Asia, Japan’s Nikkei slipped 100 points or 0.23 per cent, Hong Kong’s Hang Seng declined over 50 points or 0.24 per cent, and South Korea’s KOSPI dropped about 2 per cent.

Oil Prices Decline Sharply​

Oil prices also registered notable losses. Brent crude futures dropped 2.37 per cent to $104.84 per barrel, marking an intra-day low as of 8:49 am. US WTI crude futures declined 2 per cent to $100.83 per barrel.