Markets to open on Jan 15 but observe settlement holiday for civic polls: NSE

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

informed that T+0 settlement number 2026511 will not take place on this date.

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.

Also Read: Mumbai votes on January 15 as BMC polls return after four years

While trading will continue normally, NSE members and market participants are advised that settlements will be affected due to the holiday, and they should plan their transactions accordingly.