Stock Market Holiday 2025: The festival of Ganesh Chaturthi has started in Maharashtra and some parts of India on August 27. The Ganesha festival lasts 11 days, and devotees celebrate it by bringing Ganesh idols into their homes or societies and worshipping them throughout the period before Visarjan.
Since both BSE and NSE are headquartered in Mumbai, are they closed for this key state holiday?
Stock Market Holiday 2025:
According to the holiday list for August 2025 by BSE and NSE, trading will be closed on August 27 due to Ganesh Chaturthi. That being said, investors will not be able to trade in equity, equity derivatives, derivatives, bonds, commodities, and forex, among other market-related segments, on Wednesday.
Ganesh Chaturthi 2025:
Ganesh Chaturthi, also known as Vinayaka Chaturthi or Vinayaka Chavithi or Vinayagar Chaturthi, is a Hindu festival celebrating the birthday of the Hindu deity Ganesh. The festival is marked with the installation of Ganesha’s murtis privately in homes and publicly on elaborate pandals, as per Wikipedia.
Sensex, Nifty Prediction:
Ahead of the Ganesh festival, Sensex and Nifty crashed on August 26. Sensex dropped by a whopping 849.37 points or 1.04% to close at 80,786.54 after closing bell on Tuesday. While Nifty 50 plunged by 255.70 points or 1.02% to end at 24,712.05.
According to Vinod Nair, Head of Research, Geojit Investments, domestic market sentiment turned cautious as the US penalty tariff deadline expired.
“The persistent depreciation of the INR is adding pressure and may further impact foreign institutional inflows. Investors are closely monitoring the GoI’s efforts to support economic growth, including proposed GST rate revisions and sector-specific relief measures for industries affected by higher tariffs. Broad-based selling was observed across sectors, except for FMCG, which gained on expectations of increased consumption,” Nair said.
Technical Outlook For Sensex, Nifty On August 27:
“Technically, after a gap-down open, the market breached the crucial support zone of 24,850/81300, and post-breakdown, selling pressure intensified. Additionally, it also formed a long bearish candle on the daily charts and is holding a lower top formation on intraday charts, which is largely negative,” said Shrikant Chouhan, Head Equity Research, Kotak Securities.
Further, Chouhan added, “We believe that the intraday market texture is weak, but a fresh selloff is possible only after the dismissal of the 24650/80500. Below this level, the index could retest the level of 24,550-24500/80200-80000. On the flip side, above 20 day SMA or 24750/81000, a pullback move is likely to continue up to 24850-24900/81300-81500.”