Zerodha's Nithin Kamath Criticizes Market Closure for Maharashtra Civic Polls

• Nithin Kamath, Zerodha CEO, expressed dissatisfaction over Indian stock exchanges closing for local civic elections.
• Kamath argued that shutting exchanges with international linkages for local polls demonstrates 'poor planning' and a lack of foresight.
• He posted on X (formerly Twitter) on January 15, highlighting that such decisions affect India's global image.
• Kamath quoted Charlie Munger, suggesting the holiday persists because no one has an incentive to oppose it, hindering global investor perception.
• BSE and NSE were closed on January 15 for Maharashtra municipal elections, including those for the Brihanmumbai Municipal Corporation.

Why It Matters: Nithin Kamath criticized market closures for local elections, citing poor planning and negative global investor perception.