Indian Stock Markets To Remain Closed On January 15 Due To Maharashtra Municipal Elections

Indian stock exchanges will remain closed for trading on January 15. The closure is due to municipal corporation elections in Maharashtra.

The announcement was made by both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) on Monday.

The BSE, in a circular, stated that there will be no trading in the equity segment, equity derivatives, commodity derivatives, and electronic gold receipts on that day.

It further clarified that equity derivative contracts originally scheduled to expire on January 15, 2026, will now expire a day earlier on January 14.

These changes will be reflected in the end-of-day contract master files.

Similarly, the NSE revised its earlier communication and confirmed that January 15 will be observed as a trading holiday in both the capital market and the futures and options segments.

Earlier, both exchanges had indicated that January 15 would be only a settlement holiday. The announcement has now been amended. January 15 will be observed as a full trading holiday.

Settlement holidays are usually announced during elections or major public events that affect banking and clearing operations.

The move follows the Maharashtra government’s decision to declare a public holiday on January 15 under the Negotiable Instruments Act, 1881. The holiday has been announced to ensure the smooth conduct of elections in 29 municipal corporations. These include the Brihanmumbai Municipal Corporation in Mumbai.

The state government exercised its authority under Section 25 of the Act, as permitted by the Ministry of Home Affairs.

Voting for the BMC and 28 other municipal corporations will take place on January 15, while the counting of votes is scheduled for January 16.

As most banks will remain closed due to the public holiday, trading and settlement activities in the stock market have been suspended for the day.

Total 16 Market Holidays Scheduled in 2026

With this update, Indian stock exchanges will observe a total of 16 holidays in 2026.

January 26 will be the second market holiday of the month. Other major holidays in the first half of the year include:

• Holi on March 3,
• Ram Navami on March 26,
• Mahavir Jayanti on March 31,
• Good Friday on April 3,
• Ambedkar Jayanti on April 14,
• Maharashtra Day on May 1, and
• Bakri Id on May 28

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