Stock Market Holiday 2026: Trading On BSE, NSE Closed On January 26 For Republic Day; Sensex, Nifty Outlook

The Indian stock market is closed on January 26 for the celebration of Republic Day. This occasion is a national holiday. Ahead of the big holiday, Sensex closed below the 81,600 mark, and Nifty 50 struggled around the 25,050 level. Last week, both Sensex and Nifty plunged by nearly 2%, continuing on their broader bearish sentiment. Trading on BSE and NSE will start from Tuesday, January 27th onward for this week.

Stock Market Republic Day Holiday:

As per the BSE and NSE holiday list, trading will be closed in equities, equity derivatives, forex, commodities, bonds, and all other market-related instruments on January 26, in-line with the national holiday.

Also, January 26 marks as a settlement holiday on CDSL and NSDL.

Republic Day 2026:

Republic Day is celebrated in India to commemorate the adoption of Constitution of India which came into force from January 26, 1950, onward. On this day, the country formally established 'Sovereign Democratic Republic'.

While independence on 15th August 1947 ended colonial rule, it was the adoption of the Constitution that completed India's transition to self-governance based on law, institutional accountability, and the will of the people of India.

Republic Day celebrations bring constitutional ideals into the public domain, most visibly through the national ceremony and parade held in New Delhi along the Kartavya Path. The parade presents a coordinated display of military discipline, cultural heritage, and regional representation, with tableaux from states and Union Territories highlighting India's cultural plurality.

Sensex, Nifty Performance:

Last week on January 23rd, Sensex closed at 81,537.70, down by 769.66 points or 0.94%. While Nifty 50 plunged by 241.25 points or 0.95% to close at 25,048.65.

The benchmarks weekly performance is one of the worst this year. From January 19th to January 23rd, Sensex has declined by 1,519.48 points or 1.83%, and Nifty 50 dropped by 505.95 points or 1.98%.

So far in January, both benchmarks have nosedived by 4.3% each.

On the performance of Indian benchmarks, Vinod Nair, Head of Research, Geojit Investments Limited said, Indian equity markets remained cautious and volatile through the week, pressured by renewed global trade tensions and continued foreign investor outflows. Fresh U.S. tariff threats against European nations linked to the Greenland issue dampened global risk appetite, prompting a shift toward safe-haven assets. Moreover, rising global bond yields and uncertainty surrounding the U.S. Supreme Court's review of Trump-era tariffs further restrained risk-taking.

Furthermore, he said, corporate earnings reinforced the mixed sentiment, as weaker results from leading banking and IT companies tempered market enthusiasm, although selective value buying offered intermittent support. While global cues briefly improved following constructive remarks from the U.S. President on the Greenland issue, the domestic market's rebound was short-lived, highlighting the persistence of external headwinds for India.

Stock Market Weekly Outlook

According to Sachin Neema, fund manager at Garud Investment Managers, although markets are in an oversold position due to geopolitical tensions, global trade uncertainty and FII outflows from domestic equities, the sentiment could still remain weak with Union Budget announcement round the corner. Also, investors could exercise caution ahead of the monthly F&O expiry during the week, as any pick up in global tensions could fuel extended selling and result in further fund outflows.

He added, " While the ongoing earnings season has been a mixed bag so far, all eyes will be on the FM's Budget speech on February 1 and its proposals for sectors, given the delay in US-India trade agreement and the falling rupee which is widening the trade deficit gap."

For this week, as per Nair, market direction in the coming week is likely to be driven by global macroeconomic signals and domestic fiscal expectations. Investors will closely track guidance from the Fed on the trajectory of interest rate cuts, while positioning may be influenced by anticipation surrounding the Union Budget, particularly any measures aimed at easing external trade pressures and supporting capital flows.

With the Q3 earnings season still underway, stock-specific movements are expected to remain prominent. Nair added, "Overall sentiment is likely to stay cautious, shaped by global developments, currency trends, and earnings outcomes, with selective opportunities emerging in segments supported by resilient domestic demand."

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