Maharashtra Elections: NSE, BSE Announce January 15 Trading Holiday
Overview
Indian stock exchanges, National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), will close for trading on January 15, 2026, observing Maharashtra Municipal Corporation elections. While equity and derivatives markets shut entirely, commodity derivatives trading will operate during an extended evening session. Equity derivative contracts set to expire on the holiday will be advanced to the previous day.
Trading Halt for Maharashtra Polls
National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will suspend all trading activities on January 15, 2026. The closure is a direct consequence of the Municipal Corporation elections taking place across Maharashtra. This annual event means no trades will execute in the equity, equity derivatives, or electronic gold receipts (EGR) segments for the entire day.
Limited Commodity Operations
Despite the full market closure, trading in commodity derivatives will continue, albeit with adjusted timings. Both NSE and BSE confirmed that their commodity derivatives segments will be accessible from 5:00 PM to 11:55 PM on January 15. This extended evening session allows participants in these markets to continue their operations, providing a partial window for trading activities.
Derivative Contract Adjustments
Exchanges have also implemented specific arrangements for expiring contracts. Equity derivatives contracts scheduled for expiry on January 15 will be preponed to January 14. This measure ensures that all contractual obligations are met without disruption. BSE also noted that electronic gold receipts will trade during a shorter evening window, from 5:00 PM to 9:30 PM, on the election day.
