NSE Declares Settlement Holiday On Jan. 15 For BMC Elections; Bonds, Currency Closed
The NSE has declared a settlement holiday on January 15th due to BMC elections in Mumbai, impacting debt, currency, and equity settlement.Summary
The National Stock Exchange (NSE) of India has announced a holiday for the debt segment, currency derivatives, and equity settlement on January 15th, 2026, coinciding with the Brihanmumbai Municipal Corporation (BMC) elections in Mumbai. According to an NSE circular, this settlement holiday means equity trading will continue, but the transfer of shares and funds will be paused until the next business day, January 16th, for trades executed on January 14th and 15th.
The Maharashtra government has declared a public holiday throughout the state for these local body elections, affecting 29 municipal corporations, including Mumbai City and Mumbai Suburban districts. While the stock market remains open for trading, the settlement process is delayed due to bank and depository closures.
Notably, January 15th is also the Sensex weekly F&O expiry day, and unlike commodity trading on MCX, the NSE and BSE will observe the settlement holiday. The next scheduled stock market holiday is Republic Day on January 26th.
(Source：Ndtv Profit)