The Indian stock market will remain completely closed for trading on January 15, 2026, following municipal corporation elections in Maharashtra. Both BSE and NSE have issued revised communications confirming the trading holiday across all market segments.

Exchange Notifications and Trading Segments

The BSE has issued a comprehensive circular detailing the closure across multiple trading segments. According to the circulars, trading will remain suspended across all major market categories:

The NSE has similarly updated its communication to declare January 15 a complete trading holiday for both the capital market and futures & options (F&O) segments.

Derivative Contract Adjustments

The market closure has necessitated changes to derivative contract schedules. The BSE, whose weekly F&O Sensex expiry is scheduled for Thursdays, has moved the expiry to Wednesday, January 14, in view of the trading holiday. These modifications will be reflected in the end-of-day contract master files to ensure smooth settlement processes.

Maharashtra Municipal Elections Impact

The trading holiday coincides with municipal corporation elections across Maharashtra, including Mumbai and neighbouring satellite cities of Thane and Navi Mumbai. Polling for the 2,869 seats spread across 893 wards will begin at 7:30 AM and conclude at 5:30 PM on January 15. A total of 3.48 crore eligible voters will decide the fate of 15,931 candidates, including 1,700 in Mumbai and 1,166 in Pune. The counting of votes will take place on January 16.

Complete 2026 Trading Holiday Calendar

After January 15, the next stock market holiday will be on January 26 for Republic Day. With the January 15 addition, Indian stock exchanges will observe 16 trading holidays in 2026:

Regular Trading Schedule

Investors can trade in the equities segment on all weekdays, except on exchange-declared holidays. The normal trading schedule includes pre-open session from 9:00 AM to 9:08 AM, regular trading from 9:15 AM to 3:30 PM, and closing session from 3:40 PM to 4:00 PM. Block deal sessions operate during morning window (8:45 AM to 9:00 AM) and afternoon window (2:05 PM to 2:20 PM).

Indian equity markets ended Tuesday's trading session in negative territory, with both benchmark indices recovering from their intraday lows. The BSE Sensex closed down 250 points at 83,628, while the NSE Nifty slipped 58 points to settle at 25,732, managing to hold above the crucial 25,700 mark.

Banking Sector Leads Recovery

Financial stocks provided the primary support to the markets, staging a recovery from lower levels during the session. The banking sector's resilience was evident in the performance of the Nifty Bank index, which bucked the overall trend to close in positive territory.

Market Breadth and Participation

Despite the recovery from session lows, market participation remained subdued throughout the day. Nearly 30 stocks in the Nifty index closed in negative territory, reflecting the broad-based weakness. Market breadth remained neutral with the advance-decline ratio standing at 1:1, indicating an equal number of gainers and losers.

Sensex Movers

The Sensex basket witnessed mixed performance across various sectors and individual stocks.

Top Gainers:

• Oil and Natural Gas Corporation Ltd
• Tech Mahindra Ltd
• Hindalco Industries Ltd
• ICICI Bank Ltd
• State Bank of India
• Tata Consultancy Services Ltd

Major Laggards:

• Trent Ltd
• Larsen & Toubro Ltd
• Dr Reddy's Laboratories Ltd
• Reliance Industries Ltd
• InterGlobe Aviation Ltd
• Hindustan Aeronautics Ltd
• Grasim Industries Ltd

Sectoral Performance and Individual Stock Movements

Defence stocks experienced the sharpest declines during the session, with Solar Industries, Zen Technologies, and DCX Systems emerging as the top losers in this segment. The IT sector showed mixed results, with Tata Consultancy Services gaining nearly 1% while HCL Technologies closed in the red following their respective Q3 results.

In individual stock movements, GTPL Hathway dropped 22% from its highs despite reporting a 9% year-on-year rise in profit after tax. Conversely, Eternal gained over 3% on expectations of increased MSCI weightage. Bank of Maharashtra provided a bright spot, rising 2% after reporting its Q3 results, which contributed to the banking sector's recovery.

Broader Market Impact

Heavyweight stocks significantly influenced the overall market direction, with major companies including Trent, Larsen & Toubro, Dr Reddy's Laboratories, InterGlobe Aviation, and Reliance Industries declining between 2% and 4%. In the midcap space, Dixon Technologies, AU Small Finance Bank, L&T Finance, Godrej Properties, and PB Fintech were among the top laggards, falling between 2% and 5%.

The session highlighted the continued challenges facing Indian equity markets, with broader market underperformance and weak participation offsetting the resilience shown by the banking sector.