Stock Market Holiday 2026: NSE, BSE Shut on January 15 Due to Maharashtra Civic Polls

Market Performance

If you’re tracking the Stock Market Holiday 2026 calendar, there’s an important update you can’t miss. Indian equity markets will pause trading on Thursday, January 15, 2026.

Both the BSE and NSE will remain closed for the day following an official notification linked to local body elections in Maharashtra. This update changes the earlier market schedule and directly impacts trading activity across key segments.

For market participants, January 15 now stands as a full trading holiday, not just a settlement break.

Main News

The National Stock Exchange (NSE) issued a fresh circular announcing January 15, 2026, as a trading holiday in the Capital Market (CM) segment due to Municipal Corporation elections in Maharashtra.

Earlier, the exchange had planned to keep trading open while observing only a settlement holiday. That stance has now changed.

Here’s what stays shut on January 15:

• Equity trading
• Equity derivatives
• Securities Lending and Borrowing (SLBs)
• Currency derivatives
• Interest rate derivatives

This closure applies to both NSE and BSE, making it a complete market shutdown for most financial instruments.

The commodity derivatives segment will also remain closed, but only during the morning session.

From a market operations perspective, this aligns trading activity with the nationwide public holiday declared for election-related administrative ease.

Company & Regulatory Details

The trading holiday stems from a public holiday declared by the Maharashtra government under the Negotiable Instruments Act, 1881.

Key points behind the decision:

• January 15 has been declared a public holiday to conduct local body elections
• Elections cover 29 municipal corporations, including:
  • Mumbai City
  • Mumbai Suburban districts
  • Areas governed by the Brihanmumbai Municipal Corporation (BMC)

The notification was issued under Section 25 of the Negotiable Instruments Act, using powers delegated by the Ministry of Home Affairs to the state government since 1968.

In a separate release, the BMC clarified that:

• The holiday applies across Mumbai city and eastern & western suburbs
• Government and semi-government offices will remain closed
• Banks, PSUs, and other establishments will also remain shut
• Voters registered in Mumbai but working outside the city are allowed to vote

Vote counting is scheduled for January 16, 2026.

Notably, markets were also shut during the previous civic polls in 2017, making this a familiar precedent for traders.

Stock Market Holidays 2026: The Bigger Picture

Looking at the broader Stock Market Holiday 2026 list:

• Total market holidays in 2026: 16 days
• 4 holidays fall on Saturdays or Sundays, when markets are usually closed
• March sees the highest number of closures:
  • March 3 – Holi
  • March 26 – Shri Ram Navami
  • March 31 – Shri Mahavir Jayanti

Meanwhile, February, July, and August will have no effective market holidays, as key national holidays in these months fall on weekends.

For traders and investors, this makes January 15 a crucial date to factor into settlement cycles, cash planning, and trading schedules.

Summary

The Stock Market Holiday 2026 list has been officially updated, with January 15, 2026, now confirmed as a full trading holiday on both the NSE and BSE.

The shutdown is linked to Maharashtra municipal elections, supported by a state-declared public holiday under the Negotiable Instruments Act.

All major trading segments will remain closed, while vote counting will take place the following day on January 16.

For anyone active in the markets, January 15 is a clear no-trade day—one that fits into a broader 2026 holiday calendar shaped as much by civic events as by festivals.

Source: Moneycontrol