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News Topical, Digital Desk : The National Stock Exchange (NSE) has announced that the stock markets will be open on January 15, 2026, but due to municipal elections in Maharashtra, there will be a settlement holiday on that day. According to the NSE, there will be no T+0 settlement number 2026511 on this day. The exchange has informed its members that trading will continue as usual, but settlement processes will be affected.
Simply put, stock market trading will continue as usual on January 15th, but due to the municipal elections in Maharashtra, trading settlement will not take place on that day. This means that T+0 settlement will not be applicable on that day. Investors will be able to purchase shares as usual, but there will be no official settlement of funds and shares on that day. The Maharashtra government has declared January 15 a public holiday to facilitate the smooth conduct of local body elections in 29 municipal corporations in the state. This list includes Mumbai City and Mumbai Suburban districts, administered by the Brihanmumbai Municipal Corporation (BMC). This holiday has been declared under the Negotiable Instruments Act. This notification has been issued under Section 25 of the Negotiable Instruments Act, 1881. The Maharashtra government is exercising this power under the authority delegated to it by the Ministry since 1968. Elections for the BMC and 28 other municipal corporations in the state are scheduled for January 15, with the counting of votes scheduled for January 16. NSE has advised market participants and members to plan their transactions and trading strategies in advance, taking into account the settlement holiday, to avoid any inconvenience.
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