Mood: The mood of the video appears to be light-hearted and romantic, with a sense of playfulness. The theme seems to revolve around love or infatuation, given the title 'ISHQ Kalandar' which translates to 'Love Calendar'. The emotions conveyed are happiness and affection.

Environment: The setting seems to be an outdoor or semi-outdoor location, possibly a street or a public place, given the blurred background that suggests movement and activity. The focus is on the two main characters, suggesting an intimate moment amidst a bustling environment.