Stock market: Check if trading will take place on NSE and BSE on the holiday due to the elections..

Confusion prevails regarding a potential stock market holiday on January 15th. This situation arose on January 7th when the Maharashtra government declared January 15, 2026, a public holiday to facilitate local body elections. This holiday will apply to 29 municipal corporations, including Mumbai city and Mumbai suburban districts under the Brihanmumbai Municipal Corporation (BMC).

This order was issued under Section 25 of the Negotiable Instruments Act, 1881. Elections for the BMC and 28 other municipal corporations in the state will be held on January 15th, and the results will be declared the following day.

Will the stock market be closed on January 15th?
Uncertainty persists regarding whether the stock market and banking operations will be closed on January 15th due to the local body elections in Maharashtra. So far, the Reserve Bank of India (RBI) has not issued any information regarding bank holidays on January 15, 2026.

Typically, markets managed by the RBI, including government bond and foreign exchange markets, remain closed on holidays declared under the Negotiable Instruments Act. The stock exchanges, BSE and NSE, have also not announced any closure of the market on January 15th. January 15th also marks the weekly F&O expiry for the Sensex. No official circular has been issued by the exchanges in this regard yet.

In the holiday calendar, January 15, 2026, is not listed as a stock market holiday. Similarly, there is no trading holiday on MCX on January 15th.

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