BSE and NSE will remain closed on January 15, 2026, due to BMC elections. Check market impact, settlement changes, and what's open or closed.
BSE and NSE will remain closed on January 15, 2026. [Photo: X]
Mumbai's civic elections will not only decide the future of the Brihanmumbai Municipal Corporation (BMC) but will also pause India's financial markets for a day. As Maharashtra votes in the BMC Elections 2026, both the BSE and NSE have announced a market holiday on January 15.
The shutdown comes as part of a wider public holiday declared to ensure smooth polling and higher voter participation across election-bound regions.
Both BSE and NSE confirmed that no trading will take place on January 15, 2026, due to the BMC elections. The holiday will apply across all major segments, including equity, equity derivatives, currency derivatives and commodity markets.
The exchanges said they will suspend trading in equity and derivatives segments due to the municipal elections. This move aligns financial markets with the public holiday and ensures traders are aware of the break in normal activity.
Stock markets close during major elections when a public holiday is declared under the Negotiable Instruments Act. The Maharashtra State Election Commission has announced January 15 as a holiday in areas under 29 municipal corporations, including Mumbai.
Since India’s financial capital falls within the BMC limits, market operations are suspended to align with the civic holiday and administrative arrangements.
The market holiday directly affects active traders, short-term investors and derivatives participants. No intraday trades, rollovers or new positions can be created on January 15. Traders holding F&O positions must plan margins and expiry-related strategies. Long-term investors remain unaffected, but settlement timelines may shift by a day.
The January 15 holiday is not limited to stock markets. It also applies to:
• Government and semi-government offices
• Banks and public sector units
• Municipal and civic offices
• Central government offices within poll areas
The aim is to allow voters to participate without work-related constraints.
Since markets remain closed, trade settlements scheduled for January 15 will move to the next working day. This affects clearing corporations, margin obligations and pay-in or pay-out cycles.
Investors should check contract notes and broker advisories to avoid settlement-related confusion.
• Hospitals and emergency services
• Police and fire services
• Local trains, metro and BEST buses
• Essential civic services
• Stock markets (BSE, NSE)
• Banks and government offices
• Many private offices, depending on policy
Polling booths will offer basic facilities and priority access for senior citizens, persons with disabilities and pregnant women.
