Maharashtra Holiday for Elections: Will Stock Market & Banks Close on Jan 15?

• Maharashtra declares Jan 15, 2026, a public holiday for local body elections under Negotiable Instruments Act.
• Holiday applies to 29 municipal corporations, including Mumbai City and Mumbai Suburban districts (BMC).
• Uncertainty remains on whether banks, BSE, NSE, and other markets will close; no official notification yet.
• Jan 15 is also Sensex's weekly F&O expiry day, but not listed on official stock market holiday calendars.
• BMC elections are politically significant for Mumbai, the country's financial capital.

Why It Matters: Maharashtra's Jan 15 holiday for elections creates uncertainty for financial markets.