Maharashtra Elections: Stock Market Declares 'No Trading Day' on Jan 15, 2026

• BSE and NSE will be completely closed on January 15, 2026, due to municipal corporation elections in Maharashtra.
• The National Stock Exchange (NSE) issued a new circular, modifying an earlier one, declaring January 15, 2026, a trading holiday for the Capital Market (CM) segment.
• All trading segments, including equity, derivatives, and SLB, will be suspended on both BSE and NSE.
• The Maharashtra government declared a public holiday on January 15 under the Negotiable Instruments Act for local body elections in 29 municipal corporations, including BMC.
• Government offices, banks, and other establishments in Mumbai city and suburbs will also remain closed; employees registered as voters in Mumbai but working outside can vote.

Why It Matters: Maharashtra elections lead to a complete stock market shutdown and public holiday on January 15, 2026.