Maharashtra Declares Jan 15 Holiday for Civic Polls: Will BSE, NSE Close?

• Maharashtra government declared January 15, 2026, a public holiday for local body polls under the Negotiable Instruments Act.
• The holiday applies to 29 municipal corporations, including Mumbai City and Mumbai Suburban districts under the BMC.
• Uncertainty remains for banking and stock market operations; RBI, BSE, and NSE have not yet announced closures.
• January 15 is not listed as a stock market holiday and coincides with Sensex weekly F&O expiry day.
• BMC elections are politically significant, managing an annual budget over Rs 74,000 crore with 1.03 crore eligible voters.

Why It Matters: Maharashtra declares Jan 15 holiday for polls; financial markets await clarity on closures.