The Indian stock market will observe a holiday on May 1, 2026, in celebration of Maharashtra Day. Both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will be closed for trading, while the Multi Commodity Exchange (MCX) will only operate during the evening session from 5:00 PM to 11:55 PM. In total, the Indian stock market has nine more holidays scheduled for 2026, with notable dates including May 28 for Bakri Id and additional holidays in June, September, and December. Recently, the Indian benchmark indices, Sensex and Nifty, ended the week lower, breaking a two-week winning streak. The Nifty 50 fell 1.87% to close at 23,897.95, and the Sensex dropped 2.33% to 76,664.21. Analysts attribute this decline to a mix of global and domestic challenges, including geopolitical tensions in West Asia, stalled US-Iran negotiations, and rising crude oil prices, which have impacted market sentiment. Furthermore, the Reserve Bank of India (RBI) has indicated early signs of an economic slowdown, which, combined with foreign institutional investor outflows, has contributed to the market's struggles.