Stock Market Holiday 2025: July 6 Or July 7, Is Trading On BSE, NSE Open Or Closed During Muharram, Ashura?

The 10th Muharram, called Ashura, is expected to be observed on Sunday, July 6th, however, the date is predicted to shift on July 7 if the moon is not sighted. Nonetheless, the Indian government has declared public holidays on July 7. But what about the stock market? Will trading on BSE and NSE be shut too?

Is the Stock Market Open On July 7?

According to the holiday list on BSE and NSE, there are no special trading holidays in July 2025, except for the defaulted weekend holidays on Saturdays and Sundays.

Thereby, trading in equities, equity derivatives, derivatives, bonds, commodities, forex currency, and the SLB segment, among other market-related instruments, will be available on July 7th, which falls on Monday.

Stock Market Weekly Outlook From June 30 to July 4:

According to Vinod Nair, Head of Research at Geojit Investments Limited, as the first-quarter earnings season draws near, investors are turning their focus to corporate results for early indications of growth trends. There is also heightened anticipation around trade agreements that the United States is expected to finalize with major global partners in the coming week. In addition, market participants are closely watching key economic indicators such as the United States nonfarm payroll and unemployment figures, along with India's industrial production data, to gauge the strength and trajectory of the economic recovery both domestically and internationally.

Key factors to watch out:

Looking ahead, Ajit Mishra - SVP, Research, Religare Broking added, that global cues will continue to drive market direction. Despite the improved sentiment, Caution persists regarding potential tariff escalations, with U.S. tariffs scheduled to resume from July 9 and updates on trade agreements will remain in focus. The U.S. President recently announced on a social media platform the signing of a deal with China and indicated a potential deal with India, although details remain scant. Further clarity on these developments will be closely monitored by the market.

Domestically, high-frequency data such as IIP and PMI figures will be in focus, along with monsoon progress and FII activity, to gauge short-term market trends, Mishra said.

On Monday, June 30, Sensex and Nifty witnessed a bearish trend, with an intraday low of 83,734.82 and 25,543.70 respectively.

When is Muharram 2025?

As per the Islamic Relief Org based in the UK, Muharram is the first month of the Islamic calendar (also known as the Lunar or Hijri calendar). The Islamic calendar is based on 12 lunar months, the sighting of a new moon determines the start of a new month.

Ashura is observed on the 10th Muharram, holding immense significance to Muslim community across the world. As per Islamic Relief, the Day of Ashura is the day in which the martyrdom of Imam Hussain (AS) in the Battle of Karbala took place. It also commemorates when the Prophet Musa (AS) and the Children of Israeel were freed by Allah from the Pharaoh and his army.

In 2025, Muharram month began from 27th June 2025, after the sighting of the moon. Accordingly, the 10th Muharram will be Ashura, however, the date depends upon the sighting of moon.

Muḥarram Significance:

For Sunni Muslims, the day marks the parting of the Red Sea by Moses and the salvation of the Israelites, celebrated through supererogatory fasting and other acceptable expressions of joy. By contrast, Ashura is a day of mourning for Shia Muslims, who annually commemorate the death of Husayn ibn Ali, grandson of the Islamic prophet Muhammad and the third Shia imam. Husayn was killed, alongside most of his relatives and his small retinue, in the Battle of Karbala in 680 CE against the army of the Umayyad caliph Yazid ibn Mu'awiya (r. 680-683). The Shia rituals span the first ten days of Muharram, culminating on Ashura with mourning processions in Shia cities, as per Wikipedia.

Public Holiday On July 7:

The Ministry of Home Affairs has announced a nationwide holiday for both public and private offices on July 7. Also, schools will be closed on this day. However, it needs to be noted that Ashura will be held depending upon the sighting of the moon. Special events will take place in major metro cities like Delhi, Mumbai, and Bengaluru.