The National Stock Exchange (NSE) has officially announced a trading holiday scheduled for January 15, 2026, coinciding with Municipal Corporation elections in Maharashtra state. This announcement serves as an important clarification for market participants and investors who need to plan their trading activities around this scheduled closure.

Trading Operations on January 15, 2026

While the main trading operations will be suspended on January 15, 2026, the NSE has provided specific details about market segments that will remain operational:

Election-Related Market Closure

The trading holiday has been declared specifically on account of the Municipal Corporation elections taking place in Maharashtra state. This demonstrates the exchange's adherence to regulatory guidelines and consideration for significant civic events that may impact market operations and participant availability.

Market Participant Guidance

This advance notification allows market participants, including retail investors, institutional traders, and brokers, to adjust their trading strategies and settlement schedules accordingly. The selective operation of debt and currency equity markets ensures that critical financial instruments remain accessible even during the holiday period.

The NSE's clarification emphasizes the importance of transparent communication regarding market holidays and operational changes, enabling all stakeholders to make informed decisions about their investment and trading activities during this period.

The National Stock Exchange (NSE) will continue regular trading operations on January 15, despite Maharashtra declaring a public holiday for civic polls across several major cities in the state. The exchange issued a circular clarifying its operational schedule for the day, ensuring market participants remain informed about trading and settlement procedures.

Settlement Holiday Declaration

While trading will proceed as per the normal exchange timetable, NSE has designated January 15 as a settlement holiday. This means that T+0 settlement processes will not be executed on that date, even though trading activity continues uninterrupted.

Impact on Settlement Schedule

The settlement holiday has necessitated adjustments to the T+1 settlement cycle. Under the revised schedule, trades executed on January 14 will now be settled on January 16 instead of the usual January 15. Similarly, trades conducted on January 15 will also be settled on January 16, creating a consolidated settlement day.

Trading Operations Continue

Despite the settlement adjustments, the NSE emphasized that trading activities will continue according to the regular exchange timetable. Market participants can execute trades normally, but should note the modified settlement timeline for clearing and settlement obligations. The exchange's decision ensures market continuity while accommodating the regional holiday observance in Maharashtra.