Why is the stock market closed today? Learn about the bumper demand for the BCCL IPO and the complete market update

Indian Stock Market January 15, 2026: The stock market is closed today due to elections in Maharashtra. Meanwhile, the BCCL IPO has received a tremendous response from investors. Find out everything about market fluctuations and trading.

Indian Stock Market January 15, 2026: If you opened your app today to check your portfolio, you wouldn't see any activity. This is because municipal corporation elections are being held in Maharashtra, due to which a holiday has been declared for the stock market. Both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) are completely closed today. However, those who trade in commodities will have an opportunity in the evening. The commodity market was closed in the morning, but trading will resume after 5 PM. The equity market will open at its usual time tomorrow, Friday.

Why such a huge rush for the BCCL IPO?

Even though the market is closed today, there is tremendous activity in the primary market (IPO). The IPO of Bharat Coking Coal Limited (BCCL), a subsidiary of Coal India, has broken all records. This offer of Rs 1,071.11 crore was snapped up by investors and was subscribed to a total of 98.51 times. The most enthusiasm was seen among large investors (NIIs), who subscribed 203 times. Retail investors also subscribed nearly 38 times. This shows that even though the market may be volatile, people have no shortage of money for good IPOs.

What was the market sentiment on Wednesday?

Yesterday, Wednesday, the market sentiment was somewhat negative. Both the Sensex and Nifty closed lower for the second consecutive day. The Sensex slipped 245 points to 83,382, while the Nifty fell 67 points to 25,665. The main reason behind the market decline is the new US tariff policies, which are impacting markets worldwide. However, even amidst this downturn, metal and public sector bank (PSU bank) stocks saw a significant surge. The metal index jumped by nearly 2.70 percent, which was the most positive development of the day.

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