NSE to Remain Open for Trading on January 15 Despite Maharashtra Civic Poll Holiday

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.

Settlement Type:	Original Date	Revised Date
T+0 Settlement:	January 15	Not processed
T+1 (Jan 14 trades):	January 15	January 16
T+1 (Jan 15 trades):	January 16	January 16

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.

The National Stock Exchange has announced plans to conduct a comprehensive mock trading session on January 10, covering key derivative segments and electronic gold receipts.

Mock Trading Session Details

The scheduled session will encompass three primary trading segments:

Trading Segment:	Coverage
Currency Derivatives:	Mock trading operations
Commodity Derivatives:	System testing
Electronic Gold Receipts:	Trading simulation

Purpose and Scope

Mock trading sessions serve as critical system testing mechanisms for exchanges, allowing them to verify the functionality of their trading platforms before live market operations. The inclusion of currency derivatives, commodity derivatives, and electronic gold receipts indicates a comprehensive approach to testing across multiple asset classes.

These sessions typically involve simulated trading activities that mirror actual market conditions without real financial transactions. Market participants often use such sessions to test their own systems and connectivity with the exchange's infrastructure.

Market Segments Covered

The mock session will address three distinct trading areas. Currency derivatives represent foreign exchange-based financial instruments, while commodity derivatives cover agricultural and non-agricultural commodity trading. Electronic gold receipts provide a digital mechanism for gold trading and investment.

The scheduled date of January 10 allows market participants to prepare their systems and ensure readiness for regular trading operations in these segments.