NSE Clarifies Trading Holiday Scope for January 15, 2026 Maharashtra Municipal Elections

The National Stock Exchange (NSE) has issued an important clarification regarding the trading holiday scheduled for January 15, 2026, correcting earlier information about market operations during Maharashtra's municipal corporation elections.

Corrected Trading Holiday Details

The exchange has specified that the trading holiday on January 15, 2026, will have limited scope compared to what was initially communicated. The following table outlines the corrected market status:

Market Segment:	Status on January 15, 2026
Equity Markets:	Open
Debt Markets:	Closed (Holiday)
Currency Markets:	Closed (Holiday)

Impact on Market Operations

This clarification is significant for market participants who need to plan their trading activities accordingly. While equity trading will proceed as normal, participants in debt and currency markets should note the holiday and adjust their strategies for January 15, 2026.

The correction ensures that investors and traders have accurate information about market availability during the municipal corporation elections in Maharashtra state. Market participants are advised to take note of this updated information for their trading and settlement planning.

The National Stock Exchange (NSE) has announced a settlement holiday on January 15, 2025, in observance of Municipal Corporation Elections scheduled in Maharashtra. The holiday will specifically affect the debt segment, currency derivatives, and settlement operations.

Market Segments Affected

The NSE's announcement covers three key areas of market operations that will observe the holiday:

Affected Segments:	Status
Debt Segment	Holiday declared
Currency Derivatives	Holiday declared
Settlement Operations	Holiday declared

The exchange has made this decision to accommodate the electoral process and ensure proper operational management during the Municipal Corporation Elections in Maharashtra.

Administrative Considerations

This settlement holiday reflects the exchange's standard practice of aligning market operations with significant administrative and electoral events in key states. Maharashtra, being one of India's major financial and commercial hubs, requires such coordination to ensure smooth functioning of both electoral and market processes.

Market participants in the affected segments should plan their trading and settlement activities accordingly, taking into account the January 15 holiday for debt instruments, currency derivatives, and related settlement operations.