Zerodha's Nithin Kamath Slams Market Holiday for BMC Polls; Samir Arora Responds

• Zerodha CEO Nithin Kamath criticized the decision to close Indian stock exchanges for Mumbai's municipal elections on January 15, calling it 'poor planning'.
• Kamath argued that such closures undermine the global stature of Indian markets and deter international investors.
• He cited Charlie Munger, suggesting a lack of incentive to challenge the status quo perpetuates these holidays.
• Helios Capital founder Samir Arora countered Kamath, questioning the actual impact of closures and advocating for consistent logic regarding market operations on holidays.
• The NSE is considering opening equity markets on Sunday, February 1, 2026, if the Union Budget is presented then, but no final decision has been made.

Why It Matters: A debate erupted between Nithin Kamath and Samir Arora over market holidays for local elections, highlighting concerns about global market integration.