The National Stock Exchange (NSE) and Bombay Stock Exchange ( BSE ) have announced a trading holiday on January 15, 2026, due to Municipal Corporation elections in Maharashtra. Both exchanges issued circulars on Monday confirming the closure of major trading segments for the entire day on Thursday.

Trading Segments Affected

The following segments will remain completely closed on January 15:

• Equity trading
• Equity derivatives
• Electronic gold receipts (full day closure)

Both exchanges confirmed that these segments will not operate during regular trading hours due to the state elections.

Limited Commodity Trading Available

Despite the broader closure, both exchanges will offer restricted trading in commodity derivatives during evening hours. The trading arrangements are as follows:

The morning session for commodity derivatives will remain closed on both exchanges.

Contract Expiry Adjustments

To accommodate the trading holiday, both exchanges have made specific arrangements for contracts scheduled to expire on January 15. According to BSE's notice, equity derivatives contracts that were set to expire on the holiday will be preponed to January 14. These modifications have been incorporated into the end-of-day contract master files to ensure smooth settlement.

Election-Related Closure

NSE's circular, issued as a partial modification to an earlier notice dated December 15, specifically cited the Maharashtra Municipal Corporation elections as the reason for the closure. The trading holiday aligns with the state's electoral schedule, ensuring market participants can focus on the democratic process.

Instructions for Trading Members

Both exchanges have requested their trading members to take note of these special arrangements and plan their trading activities accordingly for the week. The exchanges emphasized the importance of understanding the modified trading schedule to avoid any operational disruptions during the election period.

Stock exchanges in India will observe a trading holiday on January 15 due to municipal corporation elections taking place in Maharashtra. The closure affects both major exchanges and spans across all key trading segments.

Trading Segments Affected

The BSE has issued an official circular detailing the scope of the market closure. The following trading activities will be suspended on January 15:

Reason for Market Closure

The trading holiday has been declared specifically in light of the municipal corporation elections scheduled in Maharashtra on January 15. Both BSE and NSE will remain closed for all trading activities during this period.

Impact on Market Operations

The closure encompasses all major trading segments, ensuring no equity trading, derivatives transactions, or commodity trading will take place on January 15. Electronic gold receipt trading will also be suspended for the day. Market participants should plan their trading activities accordingly, considering this scheduled holiday in their investment strategies.