Will stock markets be closed on September 8 for Eid-e-Milad? Check details

The Maharashtra government on Thursday, September 4, announced that the public holiday for Eid-e-Milad in Mumbai city and suburban districts will be observed on September 8, instead of September 5.

While Eid-e-Milad is falling on September 5 this year, and schools and banks are closed in many states today, the Muslim community decided to hold the Eid-e-Milad procession in Mumbai on September 8, as Anant Chaturdashi falls on September 6. Anant Chaturdashi marks the end of the 10-day Ganesh Chaturthi festival and is the day when Ganesh idols are immersed in water following public processions.

“While the holiday on September 5 will remain unchanged for other districts in the state, it has been shifted to September 8 in Mumbai city and suburbs,” the General Administration Department (GAD) stated in a circular on Thursday.

“Government offices in Mumbai city and suburbs will remain open as usual on September 5,” it added.

Money market and banking operations will be closed in Mumbai on September 8.

However, stock markets in India will remain open.

There will be no transactions and settlements in government securities (G-Sec), foreign exchange, money markets and rupee interest rate derivatives on September 08, 2025, the Reserve Bank of India (RBI) said on September 4.

Stock market holidays

Stock markets will function as usual on Monday, September 8. The next market holiday is on October 2.

Here are the stock market holidays left for this year:

Onam and Eid-e-Milad

Banks in many states across India will remain closed on Friday, September 5, on the occasion of Eid-e-Milad and the Onam festivals, as per the Reserve Bank of India's (RBI's) calendar.

As per the calendar, banks will remain closed in many states and Union Territories, including Gujarat, Karnataka, Madhya Pradesh, Tamil Nadu, Uttarakhand, Telangana, Jammu and Kashmir, Uttar Pradesh, Kerala, New Delhi, Chhattisgarh, Jharkhand, Andhra Pradesh and Mizoram, as per the central bank’s holiday calendar. Meanwhile, banks will remain open on Friday in Goa, Bihar, Himachal Pradesh, Meghalaya, West Bengal, Rajasthan, Assam, Sikkim, Arunachal Pradesh, Nagaland, Odisha, Tripura, and Chandigarh.