Indian stock markets will remain closed for trading on January 15 after both the BSE and NSE revised their calendars in view of municipal corporation elections in Maharashtra, turning what was earlier marked as a settlement holiday into a full-fledged trading holiday.The Bombay Stock Exchange said trading will be suspended across equities, equity derivatives, commodity derivatives and electronic gold receipts on the day. It also clarified that equity derivatives contracts scheduled to expire on January 15 will now mature on January 14, with the revisions reflected in the end-of-day contract master files.The National Stock Exchange has issued a similar revision, declaring January 15 a trading holiday in the capital market as well as the futures and options segments. This replaces an earlier circular issued last week that had indicated markets would reopen for trading despite settlement restrictions.The exchanges cited disruption to banking and clearing operations as the reason for the change. Settlement holidays are typically announced during elections or major public events, and since January 15 is a public holiday in Maharashtra, most banks are expected to remain shut, making normal settlement processes unviable.
Market holidays calendar for 2026
With January 15 added, Indian stock exchanges will now observe 16 trading holidays in 2026, excluding weekends. January 26 will be the second market holiday this month.In the first half of the year, markets will remain closed on Holi (March 3), Ram Navami (March 26), Mahavir Jayanti (March 31), Good Friday (April 3), Ambedkar Jayanti (April 14), Maharashtra Day (May 1) and Bakri Id (May 28).During the second half, trading will be suspended on Muharram (June 26), Ganesh Chaturthi (September 14), Gandhi Jayanti (October 2), Dussehra (October 20), Diwali Balipratipada (November 10) and Guru Nanak Jayanti (November 24). The final market holiday of the year will be Christmas on December 25.Independence Day on August 15 falls on a weekend, and therefore will not lead to an additional market closure.