Indian stock exchanges, including the BSE and NSE, will be closed for trading on January 15 due to the municipal corporation elections in Maharashtra. Both exchanges announced that there will be no trading in various segments, including equity, derivatives, and commodities, on that day.
The BSE specified that equity derivative contracts set 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 previous communication to confirm that January 15 will be a trading holiday in both the capital market and futures and options segments.
The decision to close the stock exchanges aligns with the Maharashtra government’s declaration of a public holiday on January 15 under the Negotiable Instruments Act, 1881. This move aims to facilitate the smooth conduct of elections in 29 municipal corporations, including the Brihanmumbai Municipal Corporation in Mumbai.
Voting for the BMC and other municipal corporations is scheduled for January 15, with vote counting set for January 16. Given that most banks will also be closed on the public holiday, trading and settlement activities in the stock market have been suspended for the day.
