Maharashtra Municipal Elections: Stock Market Open, But Settlement Holiday on Jan 15

• Maharashtra municipal elections are scheduled for January 15, 2026, affecting 29 municipal corporations.
• National Stock Exchange (NSE) will remain open for trading on January 15, but there will be a settlement holiday.
• T+0 settlement number 2026511 will not occur on January 15, impacting market participants.
• A public holiday is declared in affected municipal areas of Maharashtra, including Mumbai, under the Negotiable Instruments Act.
• Government offices, banks, and PSUs in these areas will be closed; vote counting is on January 16.

Why It Matters: NSE trading continues on Jan 15 during Maharashtra elections, but expect settlement delays.