The National Stock Exchange of India Ltd (NSE) announced a trading holiday in the Capital Market segment on January 15, 2026. The decision was communicated on January 12, 2026, and is linked to the Municipal Corporation elections scheduled across Maharashtra.
The holiday applies specifically to equity trading in the Capital Market segment. This announcement modifies an earlier circular related to market operations.
In an official communication, the NSE stated that January 15, 2026, will be observed as a trading holiday in the Capital Market segment. The exchange clarified that this decision was made on account of the Municipal Corporation elections in Maharashtra.
The notification was issued as a partial modification to exchange circular reference number NSE/CMTR/71775. The update formally revises the earlier trading and settlement schedule for that date.
Earlier, the NSE had indicated that markets would remain open on January 15, 2026, while observing a settlement holiday. That announcement was also linked to the municipal elections in Maharashtra.
However, the latest notification revised this position by declaring a full trading holiday in the Capital Market segment. The change reflects an adjustment made following the official public holiday declaration by the state government.
The Maharashtra government has declared January 15, 2026, as a public holiday to facilitate the smooth conduct of local body elections. The public holiday applies across 29 municipal corporations in the state.
Mumbai City and Mumbai Suburban districts, governed by the Brihanmumbai Municipal Corporation (BMC), are included in the notification. The declaration was made to ensure voter participation and administrative readiness on polling day.
Elections for the Brihanmumbai Municipal Corporation, one of India’s most politically significant civic bodies, are scheduled for January 15, 2026. Polling will also take place for 28 other municipal corporations across Maharashtra on the same date.
The counting for these elections is planned for January 16, 2026. The scale of the elections contributed to the declaration of a state‑wide public holiday.
Read More: Maharashtra Declares January 15, 2026, as a Public Holiday for Civic Polls.
The NSE has declared January 15, 2026, as a trading holiday in the Capital Market segment due to municipal corporation elections in Maharashtra. The decision follows the Maharashtra government’s declaration of a public holiday under the Negotiable Instruments Act.
The update revises an earlier settlement‑only holiday announcement. Markets are expected to resume normal operations after the holiday.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Jan 12, 2026, 5:41 PM IST
Akshay Shivalkar
Akshay Shivalkar is a financial content specialist who strategises and creates SEO-optimised content on the stock market, mutual funds, and other investment products. With experience in fintech and mutual funds, he simplifies complex financial concepts to help investors make informed decisions through his writing.
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