On May 1, 2023, India's major stock exchanges, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), are closed in honor of Maharashtra Day. The Multi Commodity Exchange of India (MCX) will not operate during the morning session but will reopen for trading between 5 PM and 11:30 PM. In contrast, the National Commodity & Derivatives Exchange (NCDEX) will remain closed all day. This closure coincides with International Labour Day, resulting in many global markets, including those in China, Singapore, and Hong Kong, being shut down. European markets in France, Germany, and Spain are also closed, while stock markets in the UK and US will operate as usual. The next scheduled market holiday in India is on May 28 for Bakri Eid, with several other holidays planned throughout the year, including Muharram on June 26 and Ganesh Chaturthi on September 14. Notably, there is a lack of mention of Diwali trading hours due to it falling on a weekend, with Muhurat Trading set for November 8, 2026.