Muharram, the first month of the Islamic Hijri calendar and one of Islam’s four sacred months, began on June 27 this year. It holds deep spiritual significance, symbolising sacrifice, peace, and unity. The 10th day of Muharram, known as Ashura, falls on Sunday, July 6, and is observed differently across Islamic communities, with mourning processions by Shia Muslims and fasting by Sunni Muslims.

Since Ashura falls on a Sunday, there will be no additional public holiday on Monday, July 7. As a result, all government offices, banks, post offices, schools, and stock markets will remain open on that day. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will function as usual on July 7, 2025.

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Stock Market Holiday Calendar 2025

So far, the market has observed 14 designated holidays this year. The most recent weekday holiday was on May 1 (Maharashtra Day), and the next is scheduled for August 15 (Independence Day).

Here are the remaining stock market holidays in 2025:

August 15 (Friday): Independence Day / Parsi New Year

August 27 (Wednesday): Ganesh Chaturthi

October 2 (Thursday): Gandhi Jayanti / Dussehra

October 21 (Tuesday): Diwali Laxmi Pujan

October 22 (Wednesday): Balipratipada

November 5 (Wednesday): Guru Nanak Jayanti

December 25 (Thursday): Christmas

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Market Recap

On Friday, benchmark indices closed higher despite volatility and cautious investor sentiment. The BSE Sensex rose 193.42 points to settle at 83,432.89, while the NSE Nifty gained 55.70 points to end at 25,461.

The session witnessed intraday swings as markets reacted to global uncertainties, including the upcoming U.S. tariff deadline and SEBI’s action against U.S.-based Jane Street over alleged derivatives manipulation.

“The Indian market is witnessing a pause as investors adopt a wait-and-watch strategy ahead of the impending U.S. tariff deadline and amid mixed global cues,” said Vinod Nair, Head of Research at Geojit Investments. He added that ongoing FII outflows reflect a risk-off approach, while DII inflows are providing partial support.

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(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)