What does today’s holiday mean for millions of people across India? Today, Mahavir Jayanti is being observed, a significant day for Jain communities, which leads to the closure of banks and stock markets nationwide.
Banks in several parts of India will remain closed on March 31 for Mahavir Jayanti, affecting major cities such as Ahmedabad, Mumbai, New Delhi, and Kolkata. This holiday is part of a total of 18 bank holidays in March, with Mahavir Jayanti being the final one of the month.
Specifically, banks will be shut in cities including Ahmedabad, Belapur, Chennai, Jaipur, Kanpur, Kolkata, Lucknow, Mumbai, Nagpur, New Delhi, Patna, Raipur, and Ranchi. The day commemorates the birth of Lord Mahavir, the 24th and last Tirthankara of Jainism, marking the 2624th anniversary of his birth.
In addition to bank closures, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) will also remain closed today for Shri Mahavir Jayanti. Trading in equities and derivatives will be halted for the day, while the commodity derivatives segment will remain closed during the morning session but will reopen in the evening.
This marks the first of two market holidays scheduled for this week, with trading set to resume on April 1 for the closing of yearly accounts. The Multi Commodity Exchange of India (MCX) will also be shut for trading in the first session today.
Mahavir Jayanti is one of the most important festivals in Jainism, inspiring followers to lead lives of peace, self-discipline, and righteousness. Jain communities worldwide are celebrating this day, reflecting on the teachings of Lord Mahavir.
As the day unfolds, many will participate in prayers and community events, honoring the principles of non-violence and truth that Lord Mahavir advocated. The observance of Mahavir Jayanti serves as a reminder of the values that underpin Jain philosophy.
Details remain unconfirmed regarding any specific events or gatherings planned for today, but the significance of the holiday is felt across the nation.
