May Day Market Update: Equity Trading Paused, MCX Evening Session Active, Banks Offline In Key States

On May 1, 2026, trading activity across India’s major stock exchanges has been suspended in observance of Maharashtra Day and Labour Day. While equity markets remain fully closed, commodity trading will partially resume in the evening. Bank operations vary by state, with most branches shut but digital services unaffected.

Stock Market Status

Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are closed today. Trading is suspended across all major segments including:

• Equity segment
• Equity derivatives
• Currency derivatives
• Securities Lending and Borrowing (SLB)
• Electronic Gold Receipts (EGR)

The National Commodity & Derivatives Exchange (NCDEX) is also closed for the entire day.

MCX Trading Hours

The Multi Commodity Exchange (MCX) follows a partial closure today:

• Morning session: Closed
• Evening session: Open from 5:00 PM to 11:30 PM

This allows traders to participate in commodity markets later in the day despite the holiday.

Banking Operations

Banks across India follow state-level guidelines under the Reserve Bank of India (RBI).

• Closed: Maharashtra, West Bengal, Karnataka, Tamil Nadu, and other Labour Day-observing states
• Open: Some regions including Gujarat, Odisha, and Rajasthan
• Digital services: UPI, ATMs, and net banking remain fully functional nationwide

Key Highlights

• BSE and NSE closed on May 1, 2026
• Trading suspended across equity, derivatives, SLB, and EGR segments
• NCDEX closed for the entire day
• MCX open only for evening session (5:00 PM–11:30 PM)
• Banks closed in most states, open in select regions
• Digital banking services remain unaffected

Sources: NDTV Business News, Economic Times Markets, MSN Finance