Stock Market to be shut on January 15 for Municipal Elections

Stock exchanges BSE and NSE will remain shut on Thursday, January 15, 2026, on account of municipal corporation elections in Maharashtra, "In partial modification to Exchange circular earlier, the Exchange hereby notifies Thursday, January 15, 2026 as a trading holiday in Capital Market (CM) Segment on account of Municipal Corporation Election in Maharashtra," the NSE said. Earlier, the exchange had said that while trading would be open on January 15, it would observe a settlement holiday owing to the civic polls.

Following the latest notification, trading in equities, equity derivatives, securities lending and borrowing (SLBs), currency derivatives and interest rate derivatives will remain shut for the day on both the BSE and the NSE. According to a circular issued by the National Stock Exchange (NSE).The Maharashtra government has declared January 15 a public holiday under the Negotiable Instruments Act to facilitate the conduct of local body elections across 29 municipal corporations, including Mumbai City and Mumbai Suburban districts governed by the Brihanmumbai Municipal Corporation (BMC).

The notification was issued under Section 25 of the Negotiable Instruments Act, 1881, using powers delegated to the state government by the Ministry of Home Affairs since 1968. In a release issued on Saturday, the BMC said the holiday was announced through an order of the state’s General Administration and Industries and Labour departments. "The public holiday will apply across Mumbai, including the city and the eastern and western suburbs. Government and semi-government offices, public sector units, banks and other establishments will remain closed on that day. The government order also applies to voters registered in Mumbai but working outside the city, allowing them to vote," the release said. Votes will be counted on January 16. Markets were also shut during the last civic polls held in 2017.