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News Topical, Digital Desk : Holi 2026 Stock Market Holiday : On the occasion of Holi, the country's major stock exchanges—BSE and NSE—will be closed today, March 3. According to information released by the exchanges, trading will not be conducted throughout the day in the equity, equity derivatives, securities lending and borrowing (SLB), currency derivatives, and interest rate derivatives segments.
Although the commodity derivatives segment will be closed in the morning session, it will be open for trading in the evening session. Today's holiday has become crucial for investors due to the Iran crisis. In fact, the absence of trading today will reflect the impact of all signals from Monday evening to Wednesday morning on the market. US President Trump has announced that this campaign will be a prolonged one. This is not a good sign for the markets.
Will the markets remain closed on Wednesday as well? Due to confusion over the dates of Holi, the markets will be open for trading when the festival of colors is celebrated in the country. According to information provided by the exchange, normal trading in the stock market will now resume on March 4 (Wednesday). However, the festival of colors will be celebrated on March 4. Due to the lunar eclipse on March 3, Holika Dahan will be performed on March 2, followed by the festival of colors on March 4.
The impact of the crisis on global markets: Indian stock markets previously recorded a sharp decline on March 2. Weak global cues and rising tensions between the US and Iran led to a surge in crude oil prices, which impacted investor sentiment. Major indices fell by more than 1 percent. L&T, InterGlobe Aviation, Adani Ports, Tata Motors Passenger Vehicles, and Adani Enterprises were among the major losers on the Nifty. While Bharat Electronics, Sun Pharma, ONGC, Dr. Reddy's Labs, and Hindalco saw gains. With the exception of the metal sector, almost all sectors, including auto, consumer durables, and oil and gas, remained under pressure, falling by around 2 percent.
According to Rupak Dey, senior technical analyst at LKP Securities, the Nifty has slipped below the rising trendline on the daily chart, indicating growing pessimism in the market. He states that the 24,600 level is a key support level, while 25,000 remains a strong resistance level. Until the Nifty holds above 25,000, the market is likely to remain weak. The Indian rupee fell 50 paise to close at 91.47 per dollar on Monday, compared to 90.97 on Friday. Dilip Parmar, senior analyst at HDFC Securities, said that the rising oil prices due to the Iran crisis have increased pressure on the rupee. Fears of foreign capital outflows and higher imports are also a cause for concern. Currently, the USD/INR pair could see resistance near 92.00 and support near 91.10.
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