NSE declares January 15, 2026 trading holiday for Maharashtra municipal polls

The National Stock Exchange of India Ltd on Monday (January 12) announced a trading holiday in the Capital Market segment on Thursday, January 15, 2026, on account of the Municipal Corporation Election in Maharashtra.

"In partial modification to Exchange circular reference no. NSE/CMTR/71775, the Exchange hereby notifies Thursday, January 15, 2026, as a trading holiday in Capital Market (CM) Segment on account of Municipal Corporation Election in Maharashtra," the NSE said.

Earlier, the National Stock Exchange (NSE) announced that while markets will remain open on January 15, 2026, it will observe a settlement holiday in view of municipal elections in Maharashtra.

The Maharashtra government declared January 15 a public holiday under the Negotiable Instruments Act to facilitate the conduct of local body elections across 29 municipal corporations, including Mumbai City and Mumbai Suburban districts governed by the Brihanmumbai Municipal Corporation (BMC).

The notification was issued under Section 25 of the Negotiable Instruments Act, 1881, using powers delegated to the state government by the Ministry of Home Affairs since 1968.

Elections for the BMC, one of India’s most politically influential civic bodies, and 28 other municipal corporations in the state are scheduled for January 15, with vote counting planned for January 16.