Stock Market Holiday 2026: Are BSE, NSE closed for Maharashtra municipal elections?

The Indian stock market will remain closed for trading on January 15 following municipal corporation elections in Maharashtra. Both the BSE and NSE have issued revised circulars confirming that there will be no trading across segments tomorrow.

In a circular, the BSE said trading in the equity segment, equity derivatives, commodity derivatives and electronic gold receipts will stay shut on January 15. It also clarified that equity derivatives contracts originally scheduled to expire on January 15, 2026 will now expire a day earlier on January 14, 2026, and that these changes will be reflected in the end-of-day contract master files. The NSE, too, has updated its earlier communication to declare January 15 a trading holiday in the capital market as well as the F&O segment.

This marks a change from last week, when both exchanges had only classified January 15 as a settlement holiday, which had suggested that trading would continue as usual. Settlement holidays are usually announced during elections or major public events when banking and clearing operations are disrupted. Since January 15 is a public holiday in Maharashtra, most banks are expected to remain closed, prompting the exchanges to revise their stance.

Stock market holidays in 2026

With the latest addition, Indian stock exchanges will now observe 16 trading holidays in 2026, excluding weekends. January 26 will be the second market holiday of the month.

Looking ahead, key closures in the first half of the year include Holi on March 3, Ram Navami on March 26, Mahavir Jayanti on March 31 and Good Friday on April 3. Markets will also remain shut on Ambedkar Jayanti on April 14, Maharashtra Day on May 1 and Bakri Id on May 28.In the second half of the year, trading will be suspended on Muharram on June 26, Ganesh Chaturthi on September 14 and Gandhi Jayanti on October 2. These will be followed by Dussehra on October 20, Diwali Balipratipada on November 10 and Guru Nanak Jayanti on November 24. The final market holiday for 2026 will be Christmas on December 25.Separately, markets may remain open on February 1, even though it falls on a Sunday, if the government decides to present the Union Budget on that day. An official announcement on this is still awaited.

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