The Maharashtra government has declared a public holiday on Monday, September 8, 2025, for Eid-e-Milad-un-Nabi. However, both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will remain open for trading on that day.
The confusion arises because the Reserve Bank of India (RBI) has shifted the bank holiday and clearing holiday to September 8. This impacts settlement cycles directly. According to the revised schedule, all trades executed on Friday, September 5, and Monday, September 8, will be settled together on Tuesday, September 9.
This means that if you buy shares on Friday, September 5, those holdings will not be credited to your demat account until settlement day. As a result, you cannot sell stocks purchased on Friday when the market opens on Monday. Intraday trading will function as usual on both days, but delivery-based transactions will only be completed after settlement on Tuesday.
Eid-e-Milad, also known as Eid Milad-un-Nabi, commemorates the birth anniversary of Prophet Muhammad and is observed globally, particularly among the Sufi and Barelvi communities. The Maharashtra government shifted the holiday to September 8 to ensure smooth conduct of Anant Chaturdashi immersion processions, which were held on September 6.
