BMC Elections Close BSE-NSE: Zerodha CEO Nithin Kamath Slams 'Poor Planning'

• Indian stock exchanges (BSE and NSE) are closed today, January 15, due to municipal elections in Mumbai and Maharashtra.
• Zerodha CEO Nithin Kamath criticized the closure, calling it 'poor planning' and a 'serious lack of appreciation for second-order effects'.
• Kamath highlighted that exchanges with international linkages are shut for local elections, hindering global investor perception.
• The holiday was added to the trading calendar recently, not originally planned for 2026.
• While some supported the closure due to Mumbai being the headquarters, others argued for global financial standards over local political events.

Why It Matters: Zerodha CEO Nithin Kamath criticized the closure of Indian stock exchanges for BMC elections, citing 'poor planning'.