MUMBAI: If you are planning to trade in the stock market or visit your bank branch tomorrow, take note. The Indian stock markets (NSE and BSE) will remain closed tomorrow, Thursday, January 15, 2026, on account of municipal corporation elections in Maharashtra.
Stock Market Holiday January 15 2026: Additionally, banks in several states and cities will observe a holiday on account of Pongal, Makar Sankranti and related regional festivals, as well as civic polls in Maharashtra’s municipal corporation areas.
Why Is the Stock Market Closed?
While January 15 is not a standard national holiday, the stock exchanges have declared a trading holiday due to the municipal corporation elections in Maharashtra (including the BMC polls in Mumbai and elections in 28 other civic bodies).
Stock Market Holiday January 15 2026: As per revised holiday circulars from NSE and BSE, trading and settlement will be shut across the main segments on January 15, 2026:
- Equity Segment: Closed
- Equity Derivative Segment: Closed
- SLB Segment: Closed
- Currency Segment: Closed
Commodity (MCX):
- Morning Session (9:00 AM to 5:00 PM): Closed
- Evening Session: Open from 5:00 PM to 11:55 PM (till 9:00 PM for selected agri commodities).
Next Trading Day:
- Normal trading is scheduled to resume on Friday, January 16, 2026.
Stock Market Holiday January 15 2026: Are Banks Open Tomorrow?
Bank holidays differ from state to state. For January 15, 2026, there are two overlapping triggers:
- RBI’s festival-based state holidays (Uttarayana Punyakala / Pongal / Maghe Sankranti / Makara Sankranti).
- Maharashtra’s public holiday under the Negotiable Instruments Act (NI Act) for the municipal corporation elections in 29 civic body areas (including Mumbai, Pune, Nagpur, Thane etc.).
According to the RBI holiday matrix and state notifications, banks will be closed on 15 January 2026 in (among others):
- Maharashtra (select municipal corporation areas):
Civic polls in 29 municipal corporations – public holiday under the NI Act, which covers government offices, banks and PSUs in those local body jurisdictions. - Tamil Nadu:
Uttarayana Punyakala / Pongal / Makara Sankranti–related observances (Chennai). - Karnataka:
Makara Sankranti / Uttarayana Punyakala (Bengaluru). - Andhra Pradesh & Telangana:
Pongal / Sankranti (Vijayawada, Hyderabad). - Sikkim:
Maghe Sankranti (Gangtok).
Note: This is not an exhaustive pan-India list. Other cities may also have local holidays; readers should check the RBI bank holiday list or their bank’s local branch notice for city-specific status.
Digital banking services such as UPI, net banking, mobile banking and ATMs will function normally.
Quick Updates
- NSE/BSE: CLOSED on Thursday, Jan 15, 2026
- Reason: Maharashtra municipal corporation elections (public holiday under NI Act)
- MCX: Morning Closed; Evening Session Open (5:00 PM–11:55 PM)
- Next Trading Day: Friday, Jan 16, 2026
Dry Day Alert:
Stock Market Holiday January 15 2026: Maharashtra has announced a multi-day dry period around the civic polls, with liquor shops, bars and permit rooms shut across poll-bound civic body areas, including Mumbai, Pune and Pimpri-Chinchwad. The restriction covers the polling day (15 January) and the surrounding notified days, meaning the sale of alcohol is prohibited today and tomorrow in these zones.
Impact on Investors
Because the market is shut mid-week for elections, the F&O expiry schedule and settlement have been adjusted.
Weekly Expiry / F&O Adjustments
- Equity and index derivatives contracts that were earlier due to expire on 15 January 2026 have been preponed to 14 January 2026, as per exchange and broker circulars.
- Settlement-related activities for trades dated 14 January 2026 will also be impacted by the settlement holiday on 15 January – brokerages have asked clients to check margin and payout timelines in their apps.
Advisory:
Investors and traders should:
- Re-check expiry dates for index and stock options in their broker apps.
- Monitor margin and payout schedules, as funds due on 15 January may only reflect on the next working / settlement day.
FAQ Section
A1:
No. Both NSE and BSE are closed on Thursday, 15 January 2026, due to municipal corporation elections in Maharashtra. There will be no trading in equity, equity derivatives, SLB or currency segments.
A2:
On 15 January 2026, MCX will:
Remain closed for the Morning Session (9:00 AM–5:00 PM)
Open for the Evening Session from 5:00 PM to 11:55 PM (till 9:00 PM for selected agri commodities)
So, commodity trading is partially available only in the evening.
