Maharashtra govt declares public holiday on 15th Jan 2026 will stock market be closed?
The Maharashtra government announced January 15 as a public holiday due to local body elections across 29 municipal corporations. 10 million eligible voters may hit the booths during BMC polls. As stock market was closed on polling day of Lok Sabha 2024, now investors are curious to know if bank and exchanges be shut on the day of BMC election 2026.
Any exclusions from the January 15 Holiday?
January 15 does not appear in Maharashtra's earlier announced roster of 24 public holidays for 2026. It is issued solely for electoral activities, so it remains limited to the designated local bodies without any extension across the whole state.
Will there be bank holiday?
The Maharashtra government has issued an order under Section 25 of the Negotiable Instruments Act, 1881. Normally, markets overseen by RBI like the one for government securities, call money, triparty repo, and forex markets cease operations on Negotiable Instruments Act holidays. However the Reserve Bank of India has not yet released any guidance on bank holidays for January 15, 2026.
Will NSE BSE be closed on 15th Jan?
Before 2026, stock market holiday calendars confirm January 15 as a regular trading day, and the next break on Republic Day. Stock exchanges BSE and NSE have not announced any market closure for January 15. Official holiday calendars omit this date, and MCX similarly lists no trading halt.
Historical precedent from 2017 BMC polls suggests possible closure, given Mumbai's financial significance. Investors should monitor NSE/BSE websites closely for any further notifications from stock exchanges in the next few days.
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