Markets to remain closed on Jan 15 for civic polls; NSE, BSE confirm trading holiday
- 9th January 2026
- 07:00 PM
- 3 min read
Summary
Indian stock markets will remain closed on January 15, 2026, after the NSE and BSE confirmed a full trading holiday due to civic elections in Maharashtra. Trading across equities, equity derivatives and commodities will remain shut. The day was earlier marked as a settlement holiday, but fresh circulars have now clarified a complete market closure. The weekly Sensex F&O expiry has been shifted to January 14.Mumbai | 9 January
The Indian stock market will remain shut on Thursday, January 15, 2026, in view of the Brihanmumbai Municipal Corporation (BMC) elections, as confirmed by separate circulars issued by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).
The clarification puts to rest earlier uncertainty around market operations, which had initially pointed only to a settlement holiday.
Why January 15 is a market holiday
The Maharashtra government had declared January 15, 2026, a public holiday under the Negotiable Instruments Act, 1881, to facilitate voting for local body elections across the state.
The holiday applies to 29 municipal corporations, including Mumbai City, Mumbai Suburban, Thane and Navi Mumbai. Voting will take place on January 15, with results scheduled for the following day.
Given Mumbai’s role as India’s financial hub, the announcement had triggered questions around stock market and banking operations.
What NSE and BSE have confirmed
In fresh circulars issued on Monday, both NSE and BSE confirmed a full trading holiday on January 15.
Trading will remain shut across:
- Equity segment
- Equity derivatives segment
- Commodity derivatives segment
- Electronic gold receipts (EGRs)
The exchanges also confirmed that currency trading will remain closed, in line with the settlement holiday announced earlier.
Consequently, T+1 trades from both January 14 and 15 will be settled on January 16.
Sensex Weekly F&O expiry shifted
January 15 was originally scheduled as the weekly expiry day for Sensex derivatives on the BSE.
However, due to the trading holiday all equity derivatives contracts expiring on January 15 will now expire on January 14, 2026
The BSE said the revised expiry will be reflected in the end-of-day contract master files.
What changes from earlier guidance
Last week’s communication had only confirmed:
- A settlement holiday
- Closure of currency derivatives
At that stage, equity trading was expected to continue. The latest circulars now clarify that no trading will take place across major segments, marking a full market shutdown for the day.
What about banks and RBI-regulated markets
As of now, the Reserve Bank of India (RBI) has not issued a separate notification on bank closures for January 15.
Typically, RBI-regulated markets such as:
- Government bonds
- Call money
- Triparty repo
- Foreign exchange
remain closed on holidays declared under the Negotiable Instruments Act. Market participants are awaiting final clarity from the RBI.
What investors should note
- No equity, derivatives or commodity trading on Jan 15
- Sensex weekly expiry moves to Jan 14
- Normal trading resumes on Jan 16
- The next scheduled market holiday is January 26 (Republic Day)
This article will be updated if further clarification is issued by the RBI or stock exchanges.
