Stock markets to remain closed on January 15 due to Maharashtra municipal polls

Hyderabad: The domestic stock markets will remain shut on January 15 after the Maharashtra government declared a public holiday in view of municipal corporation elections, the exchanges announced.

Both the Bombay Stock Exchange and the National Stock Exchange said no trading would take place on that day across segments due to the holiday under the Negotiable Instruments Act, 1881.

Polling will be held on January 15 for the Brihanmumbai Municipal Corporation and 29 other municipal corporations across Maharashtra. As a result, banks will also remain closed, prompting the exchanges to halt trading and settlement activities.

Stock market holiday to impact all trading segments

The BSE said trading in equity, equity derivatives, and commodity derivatives would remain suspended on January 15. It also clarified that derivative contracts scheduled to expire on that day would instead expire on January 14.

Initially, the exchanges had notified January 15 as only a settlement holiday. However, they later revised the decision and declared it a full trading holiday.

With this change, the stock markets will observe 16 holidays in 2026. The next holiday this month falls on January 26, marking Republic Day.

Other major market holidays this year include Holi on March 3, Good Friday on April 3, and Maharashtra Day on May 1.