Eid al-Adha, also referred to as Bakrid, is set to be celebrated in India on May 28, 2023. In light of this, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will be closed for trading on that day, as confirmed by the official holiday list of the NSE. There was initial confusion regarding the date, with some states considering May 27 as the holiday, but the majority of financial institutions have now settled on May 28. This closure will affect trading in various sectors, including equity derivatives, currency derivatives, and securities lending and borrowing. Additionally, the Multi Commodity Exchange (MCX) will not operate during the morning session on May 28 but will resume trading in the evening. This holiday is the second for the stock markets in May, following the closure for Maharashtra Day on May 1. Looking ahead, the NSE has outlined several upcoming holidays, including Muharram in June and Ganesh Chaturthi in September.