NSE Declares Stock Market Holiday on Jan 15 for Maharashtra Civic Polls

• NSE announced a trading holiday on January 15, 2026, for the Capital Market (CM) segment due to Municipal Corporation elections in Maharashtra.
• This modifies an earlier circular where markets were to remain open, but it was a settlement holiday.
• The commodity segment will also be partially closed, with only the evening session from 5:00 PM to 11:55 PM.
• The change likely aims to avoid settlement burden on systems, as past last-minute changes caused issues for market participants.
• The Maharashtra government declared January 15 a holiday under the Negotiable Instruments Act, leading to a bank holiday by RBI.

Why It Matters: NSE declared a full trading holiday on Jan 15, 2026, for Maharashtra civic elections to ease settlement.