Will the NSE be closed on January 15, 2026, due to Maharashtra elections?

No, the NSE markets will remain open for trading on January 15, 2026, but it will be a settlement holiday.

What does a settlement holiday mean for NSE on January 15, 2026?

A settlement holiday means that T+0 settlements will not be processed on January 15, 2026.

Why did Maharashtra declare January 15, 2026, a public holiday?

Maharashtra declared January 15, 2026, a public holiday to facilitate municipal elections across 29 corporations.

Home / Business and Economy / Markets Open, Settlements Closed for Maharashtra Elections

Markets Open, Settlements Closed for Maharashtra Elections

9 Jan

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Summary

Stock markets will operate on January 15, 2026, despite local elections.
NSE declares a settlement holiday, halting T+0 settlements on the election day.
Maharashtra government designated January 15 as a public holiday for municipal elections.

Markets Open, Settlements Closed for Maharashtra Elections

On January 15, 2026, stock markets will continue their trading activities despite Maharashtra holding municipal elections. The National Stock Exchange (NSE) has announced a settlement holiday for this date, specifically indicating that T+0 settlements will not be processed. This decision aligns with the Maharashtra government's proclamation of January 15 as a public holiday.

The public holiday designation is intended to allow citizens to participate in local body elections scheduled across 29 municipal corporations throughout the state. Key among these are the elections for the Brihanmumbai Municipal Corporation (BMC) and its adjacent suburban district, underscoring the significance of the civic polls.