Indian stock markets are closed today, June 26, 2026, on account of Muharram, with trading set to resume on Monday, June 29. Investors are looking ahead to two major IPOs, Aastha Spintex and Knack Packaging, launching in the coming week. Markets are shifting focus to global economic data and upcoming Q1 earnings after the Nifty closed near 24,056 in the previous session.
Market Remains Closed For Muharram
Indian stock exchanges, including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), are closed today, Friday, June 26, 2026, due to the Muharram holiday. There is no trading in equity, equity derivatives, currency derivatives, or interest rate derivatives segments. Regular trading operations will resume on Monday, June 29, 2026.
IPO Calendar: Aastha Spintex And Knack Packaging
The primary market is set for a busy week as two companies prepare to launch their initial public offerings.
Aastha Spintex: This textile company is scheduled to open its IPO on June 29, 2026. The issue aims to raise ₹170 crore, with a price band set between ₹126 and ₹136 per share. The funds are earmarked for capacity expansion and an acquisition of Falcon Yarns.
Knack Packaging: The packaging manufacturer is set to launch its IPO on July 1, 2026. This issue plans to raise approximately ₹439 crore, with a price band fixed at ₹161 to ₹170 per share. The company intends to use the proceeds to bolster its manufacturing capabilities and fund expansion.
Investors typically monitor these primary market issuances for potential growth opportunities, though it is important to review the red herring prospectus (RHP) for details on risks, financial health, and valuation before considering any application.
Market Performance And Global Cues
Before the holiday, Indian benchmark indices ended the June 25 session with modest gains. The Nifty 50 index closed at 24,056, up 0.14%, while the Sensex rose 0.14% to settle at 77,100. During the session, the Nifty had touched an intraday high of 24,261 before facing some profit booking near resistance levels.
Sector-wise, auto stocks saw buying interest, while metals faced selling pressure. Markets remain cautious and are watching global cues, specifically US economic data like Personal Consumption Expenditures (PCE), which influences Federal Reserve interest rate expectations. Crude oil prices, which have seen some volatility, also remain a critical factor for domestic investor sentiment.
What Investors Should Track Next
With markets closed for the day, attention is shifting toward the upcoming Q1 earnings season. Management commentary during these result announcements regarding profit margins, demand visibility, and order pipelines will be essential for gauging the health of corporate India.
Additionally, investors may watch for updates on India's industrial production and June Purchasing Managers' Index (PMI) data. These indicators will provide a clearer picture of the domestic manufacturing landscape as the economy heads into the next quarter.