Stock Market Holiday on 15 January 2026: NSE & BSE Shut Trading for BMC Elections, Sensex Expiry Preponed

Is the stock market open on 15th January 2026 during BMC elections?

With the BMC elections scheduled on Thursday, 15th January 2026, traders and investors across India were waiting for clarity on whether the stock market would remain open or observe a trading holiday.

Now, the National Stock Exchange (NSE) has officially confirmed that trading will remain closed in the Capital Market segment on 15th January 2026 due to the Municipal Corporation elections in Maharashtra.

NSE announces trading holiday for BMC election day

In its circular dated 12th January 2026, the NSE informed members that Thursday, January 15, 2026 will be observed as a trading holiday in the Capital Market (CM) segment on account of the Municipal Corporation elections in Maharashtra.

The exchange stated that this holiday is being declared as a partial modification to its earlier holiday calendar circular.

You can read the official NSE circular here.

This means that equity trading will remain suspended on NSE on 15th January 2026.

BSE trading on 15th January 2026?

Following the NSE notification, the Bombay Stock Exchange (BSE) has announced a Market Trading Holiday for the equity segment on 15th January 2026 on account of the Local Body Elections in Mumbai.

Market participants can read the official BSE circular here.

With both exchanges declaring a holiday, Dalal Street will remain shut for equity trading on Thursday.

Will derivatives trading happen on 15th January 2026?

No. Since 15th January 2026 has been declared as an official trading holiday by NSE and BSE, all equity-related segments will remain closed for the day. This includes:

·       Equity trading

·       Equity derivatives (F&O)

·       Currency derivatives

There will be no trading activity on NSE and BSE in these segments on account of the Local Body Elections in Mumbai.

However, in the commodities segment, MCX will observe a holiday for the morning session only and resume trading from 5:00 PM for the evening session.

Impact on Sensex expiry

January 15, 2026 was originally scheduled as a weekly expiry day for Sensex derivatives. With the trading holiday now confirmed, the weekly expiry is expected to be preponed to Wednesday, 14th January 2026.

Traders holding weekly positions should adjust their strategies accordingly.

Why is the stock market closed for BMC elections?

Mumbai is India’s financial capital and the BMC is Asia’s richest municipal corporation. On election day, the Maharashtra government declares a paid public holiday to encourage voter participation. Due to large-scale movement restrictions, staff deployment, and security arrangements, exchanges declare a special trading holiday.

Final takeaway

Both NSE and BSE have announced a trading holiday on 15th January 2026 due to the BMC and Local Body elections in Maharashtra. Equity markets will remain shut for the day, while MCX will resume trading from 5:00 PM. The Sensex weekly expiry has also been preponed to 14th January 2026.

Investors and traders are advised to rely only on official exchange circulars and plan their trading activity accordingly.