Domestic stock markets will remain closed on Tuesday in observance of Mahavir Jayanti, marking the 2624th birth anniversary of Lord Mahavira, celebrated widely by Jain communities.
The BSE and NSE join the holiday schedule, which includes 11 additional official holidays this year, excluding Saturdays and Sundays.
In commodities, the Multi-Commodity Exchange of India (MCX) will suspend trading from 9 AM to 5 PM, while the National Commodity and Derivatives Exchange (NCDEX) remains shut for the entire day.
Evening trading on MCX will resume from 5 PM to 11:30 PM.
Markets come to a pause amid global geopolitical tensions, sustained foreign institutional investor outflows, macroeconomic concerns, and a weakening rupee.
Despite recent pressures, GIFT Nifty futures, an early indicator of the Nifty index, rose nearly 1 per cent to 22,690 as of 9:10 am.
Globally, Wall Street ended lower, with the S&P 500 falling 0.39 per cent and the Nasdaq slipping 0.73 per cent.
Asian indices also faced pressure, as Nikkei declined 0.23 per cent, Hang Seng fell 0.24 per cent, and KOSPI dropped around 2 per cent.
Oil markets saw sharp declines, with Brent crude futures down 2.37 per cent to $104.84 per barrel, while US WTI fell 2 per cent to $100.83 per barrel, reflecting continued volatility in energy prices.
The market holiday allows investors to observe Mahavir Jayanti while keeping a watchful eye on both domestic and global market trends.