Stock Market Holiday: NSE, BSE To Stay Shut On Jan 15 For BMC Elections; Weekly F&O Expiry Day Shifts

The stock market will remain shut on Thursday, Jan. 15, in view of the Brihanmumbai Municipal Corporation (BMC) elections in Mumbai, according to circulars issued by the NSE and BSE on Monday.

In separate circulars, the two main bourses confirmed that day trading in equity segment, equity derivatives segment, commodity derivatives segment and electronic gold receipts will remain shut on Thursday.

A settlement holiday, along with the closure of currency trading segment, was already confirmed in circulars issued last week.

The BSE, whose weekly F&O Sensex expiry day fell on Thursday, has decided to prepone the same to Wednesday in view of the trading holiday.

"Equity derivatives contracts scheduled to expire on January 15, 2026 shall be preponed to January 14, 2026. The aforesaid changes will be part of todays end of day contract master files," it stated.

Along with Mumbai, the neighbouring satellite cities of Thane and Navi Mumbai will also be voting in the municipal corporation elections.

In 2017, when the last civic polls were held, the NSE and BSE had only announced a trading holiday for the currency derivatives segment and settlement holiday for equity market.

On a settlement holiday, the stock market remains open for equity trading, but the crucial process of clearing and settling trades i.e. transferring shares and funds between buyers and sellers is paused, usually because banks or depositories are closed. The delivery of shares to the demat account or the credit of funds to the bank account is delayed until the next business day.

After Jan. 15, the next stock market holiday will be observed on Jan. 26, on account of the Republic Day. Both the main bourses, NSE and BSE, had already confirmed the closure of trading activities on that day in their annual holiday calendar.