Image Source: ET Now
India's National Stock Exchange (NSE) has declared January 15, 2026, a trading holiday specifically for currency derivatives and debt segments due to municipal corporation elections across Maharashtra, including high-stakes BMC polls. While equity markets remain open with settlements shifted to January 16, traders in affected segments must adjust strategies. This partial closure underscores the state's priority on voter participation during elections in 29 civic bodies.
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The Maharashtra government notified January 15 as a public holiday under the Negotiable Instruments Act to facilitate polling in municipal elections spanning 29 corporations, with Brihanmumbai Municipal Corporation (BMC) drawing national attention after a four-year gap. NSE's circular confirms no trading in currency derivatives and debt on this Thursday, aligning with the event's scale in the financial hub. Equity and equity derivatives trading proceeds normally, but T+0 and regular settlements for trades on January 14-15 defer to January 16.
Key Highlights
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Trading holiday limited to currency derivatives and debt segments on NSE
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Equity markets open; settlements postponed to January 16 for seamless operations
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Maharashtra polls cover 29 municipal bodies including BMC; vote count on January 16
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Public holiday declared statewide to boost voter turnout in economic powerhouse
Sources: Reuters (RTRS), NSE circular via News18, NDTV Profit, 5paisa
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