Indian Stock Market Closed May 28 for Bakri Id; Trading Resumes May 29

By Huzaifa Zahoor

May 29, 2026

05:02 AM

3 min read

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Key Points

BSE and NSE closed May 28 for Bakri Id holiday; all equity and derivatives trading halted.

Sensex fell 0.19% to 75,867.80 on May 27 amid US-Iran geopolitical concerns.

Nifty50 dropped 0.03% to 23,907.15 with weakness in banking and financial stocks.

Markets resume May 29; next holiday June 26 for Muharram.

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The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) closed on May 28, 2026 for Bakri Id, halting all equity and derivatives trading. Markets reopen May 29 after the Sensex fell 141.90 points (0.19%) and Nifty50 dropped 6.55 points (0.03%) on May 27. The next market holiday is June 26 for Muharram.

Markets Shut for Bakri Id Holiday

The BSE and NSE suspended all trading on May 28, 2026 for Bakri Id. Equity segments, derivatives, currency derivatives, and securities lending and borrowing (SLB) segments remained closed for the entire day. The Multi Commodity Exchange (MCX) closed its morning session from 9:00 AM to 5:00 PM but resumed evening trading from 5:00 PM to 11:30 PM. The National Commodity and Derivatives Exchange (NCDEX) shut completely.

Last Session Ended Weak on Geopolitical Concerns

On May 27, Indian benchmark indices closed marginally lower amid geopolitical uncertainty surrounding the US-Iran situation. The Sensex declined 141.90 points to close at 75,867.80, while the Nifty50 slipped 6.55 points to settle at 23,907.15. Banking and financial stocks weighed on the market. Broader indices outperformed, with the Nifty Midcap rising 0.4% and Smallcap gaining marginally. Media, power, and capital goods sectors added 3% each.

Trading Schedule and Upcoming Holidays

Normal market activity resumes on Friday, May 29, 2026. Regular trading hours run Monday to Friday from 9:15 AM to 3:30 PM, with a pre-open session from 9:00 AM to 9:15 AM. The next scheduled market closure is June 26 for Muharram. Additional holidays include September 14 for Ganesh Chaturtri, October 2 for Mahatma Gandhi Jayanti, and November 10 for Diwali.

Sector Performance on May 27

Major gainers included Hindalco Industries, Power Grid Corp, Tata Motors Passenger Vehicle, Eternal, and NTPC. Losers were ONGC, ITC, HDFC Life, HDFC Bank, and Wipro. The Capital Market index shed 1.60%, while IT, FMCG, banking, and oil & gas sectors faced selling pressure.

Final Thoughts

Markets reopen May 29 after a holiday-driven closure. Investors should monitor geopolitical developments as the US-Iran situation continues to weigh on sentiment and sector rotation.

FAQs

Why did Indian stock markets close on May 28?

BSE and NSE closed for Bakri Id (Eid al-Adha), a major Islamic festival. All equity, derivatives, and currency trading halted.

When do Indian markets reopen after the holiday?

Markets reopen Friday, May 29, 2026 at 9:15 AM, with pre-open session starting at 9:00 AM.

What was market performance before the holiday?

May 27: Sensex fell 0.19% to 75,867.80 and Nifty50 dropped 0.03% to 23,907.15 due to US-Iran geopolitical uncertainty.

Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.

About Author

Huzaifa Zahoor

Co Founder

Huzaifa Zahoor is the engineer who built Meyka. He has spent years writing Python, training AI models, and building data pipelines specifically for financial markets. His technical articles have reached over 30,000 readers on Medium, so he knows how to make complex things easy to follow. If this article touches on how the tools work, he is the person who actually built them.