Trading holiday on Jan 15, 2026 due to Maharashtra elections

The National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) have announced a trading holiday on Thursday, January 15, 2026, on account of the Municipal Corporation Elections in Maharashtra. Trading Members and investors are advised to take note of the market closure and related settlement implications.

As per exchange circulars, multiple market segments will remain closed for the day, while commodity derivatives trading will be partially available.

Details of Trading Holiday

Exchange Circular Reference

In an official communication, the NSE stated that Thursday, January 15, 2026, will be observed as a trading holiday in the Capital Market and Derivatives segments, in partial modification of earlier exchange circulars, due to the Municipal Corporation Elections in Maharashtra.

A separate notification confirmed that the commodity derivatives segment will remain closed during the morning session and will resume trading during the evening session.

Settlement Holiday – Important Information

January 15, 2026, is also declared as a settlement holiday. As banks will not provide clearing services on this day, no settlement-related activities will be carried out.

Key settlement implications include:

 • Pay-in obligations for trades executed on January 14, 2026, will remain blocked from the available margin limits on January 15, 2026 

 • Settlement for trades dated January 14 and January 15, 2026, will be conducted on Friday, January 16, 2026

 • Trading Members are advised to maintain sufficient margins to ensure uninterrupted trading after market reopening

Impact on Traders and Investors

Due to the trading and settlement holiday:

 • Equity, F&O, and currency traders will not be able to place trades on January 15

 • Commodity traders can participate only in the evening session

 • Fund availability and margin utilization may be impacted due to deferred settlements

Investors and traders should plan positions, fund transfers, and margin requirements accordingly.

Note: Trading holidays declared due to elections or public events are standard exchange practices. While such holidays do not affect long-term investment fundamentals, they can have short-term implications on liquidity, settlement cycles, and margin availability.
 

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