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**Multiple Indian Cities Observe Holidays for Thiruvonam and Milad-un-Nabi, Stock Markets Remain Open**

**New Delhi, India -** Many cities across India are observing holidays today, Friday, September 5th, due to the convergence of two significant festivals: Thiruvonam and Milad-un-Nabi (Eid-e-Milad). Banks and schools are closed in Ahmedabad, Bengaluru, Bhopal, Aizawl, Belapur, Chennai, Dehradun, Hyderabad, Imphal, Jammu, Kanpur, Kochi, Lucknow, New Delhi, Nagpur, Raipur, Ranchi, Thiruvananthapuram, Srinagar and Vijayawada.

Thiruvonam, the most important day of the Onam festival, is particularly celebrated in Kerala. Milad-un-Nabi commemorates the birth of the Prophet Muhammad and is observed by Muslims, with Sunnis marking it on the 12th of Rabi al-awwal and Shi’as on the 17th. This year, the holidays also coincide with Teachers’ Day, celebrated annually on September 5th.

Despite the widespread holidays, the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will remain open for trading today, as it is not a scheduled stock market holiday.

In Mumbai, the Eid-e-Milad holiday has been shifted from September 5th to September 8th, to avoid conflict with Anant Chaturdashi on September 6th. The RBI has also announced that on September 8th there will be no transactions and settlements in government securities (G-Sec), foreign exchange, money markets and rupee interest rate derivatives.

This adjustment was made to maintain harmony during the immersion of Ganpati idols during Anant Chaturdashi. The September 5th holiday remains in place for other districts in Maharashtra.

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