PM Modi's 75th Birthday: Is There A Stock Market & Bank Holiday On September 17? Find Out

India will be celebrating Prime Minister Narendra Modi's birthday on September 17. He was born three years after India's independence. On Wednesday, major healthcare, welfare and development initiatives are expected on Wednesday, in honour of the Prime Minister. What about stock market and banks? Will they be closed across the country? Let's find out!

Bank Holiday:

All government and private corporates including banks will observe September 17th as a normal working day. The PM Modi government has not made any holiday announcement on his 75th birthday. Hence, banks will be opened across India accordingly.

Stock Market Holiday:

Since offices are going to be operation as usual, there is no stock market holiday announced on September 17. Hence, investors can trade in market-related instruments like equities, derivatives, commodities, forex and others on BSE and NSE as per usual times.

However, ahead of PM Modi's birthday, Indian stock market witnessed a strong bull run. Sensex soared by 594.95 points or 0.73% to end at 82,380.69 after market hours on September 16, while Nifty 50 gained by 169.90 points or 0.68% to close at 25,239.10.

Talking about market performance, Ajit Mishra - SVP, Research, Religare Broking said, "Markets staged a strong advance on the weekly expiry day of Nifty contracts, gaining over half a percent. The tone was upbeat from the outset, with consistent buying in heavyweights across sectors driving the index steadily higher through the session. As a result, the Nifty closed near the day's high at 25,239.10. Sectoral performance was led by auto, realty, and IT, while FMCG lagged slightly. The broader market also maintained positive breadth, with midcap and small-cap indices posting respectable gains, highlighting robust participation across segments."

Sensex, Nifty Outlook On September 17:

"The upmove was supported by heightened anticipation of the upcoming U.S. Federal Reserve policy outcome and encouraging progress in India-U.S. trade negotiations, particularly benefiting export-oriented stocks," said Mishra.

From the technical standpoint, Mishra said, "the Nifty has tested the 25,250 mark, aided by broad-based participation, with the banking index also crossing its hurdle at 55,000. We now look for a move toward 25,500 and recommend continuing with a "buy on dips" strategy, focusing on quality names across sectors. That said, global monetary policy decisions and trade developments are expected to drive near-term volatility, so aggressive positioning should be avoided."

PM Modi's 75th Birthday:

Born on September 17, 1950, PM Modi has taken the reign of India since 2014. Before that he was the chief minister of Gujarat from 2001 to 2014.

The year 2025 marks 11 years of Prime Minister Narendra Modi's government. These 11 years have been dedicated to bring about development which is inclusive, progressive, and sustainable. The government under Prime Minister Modi has been steadfast in its commitment of creating equity and opportunity for all citizens, as per PIB.

Since assuming office in 2014, PM Modi has remained firm in his resolve of keeping 'India First' in every policy formulation and action. This resolve is evident in government's handling of both external and internal security, economic management, empowerment schemes for marginalised groups, efforts at cultural conservation and so on. India has also become the fastest growing economy in the world under PM Modi's government.