Despite it being a public holiday for municipal elections in Maharashtra, regular trading will take place at the National Stock Exchange on January 15, although January 15 has been declared as settlement holiday. (symbolic photo)
highlights
- Public holiday on 15 January for municipal elections in Maharashtra
- But regular trading will take place in the National Stock Exchange on January 15.
- However, January 15 was declared a settlement holiday.
Despite it being a public holiday for municipal elections in Maharashtra, regular trading will take place at the National Stock Exchange on January 15, although January 15 has been declared as settlement holiday. This means that T+0 settlements will not be processed. As a result, settlement of T+1 trades of both January 14 and January 15 will take place on January 16, 2026.
Normal trading will continue on January 15
NSE will remain open for regular trading on January 15, 2026, even though Maharashtra has declared a public holiday for municipal elections in several big cities of the state. NSE said in a circular that there will be settlement holiday on January 15. This means that there will be no settlement for T+0 settlement on January 15. Although trading activity may continue as per the timetable of the Exchange, clearing and settlement responsibilities for that particular T+0 cycle will not be processed on that day.
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Change in settlement schedule
Due to settlement holiday, the settlement schedule for T+1 trades has also been changed. As per the revised schedule, settlement of trades done on January 14 will now take place on January 16. Settlement of trades done on January 15 will also take place on January 16. Settlement holidays are usually declared during elections or major public events when banking and clearing operations are affected. Since January 15 is a public holiday in the state, most banks will remain closed on that date.
There will be no impact on trading
The main thing for retail investors is that there will be no impact on trading, but there may be a delay of one day in the credit of shares or funds around January 15 due to settlement holiday.
Stock market holidays in 2026
Indian stock exchanges will remain closed for 15 days in 2026. The holiday calendar begins with Republic Day on January 26 and includes a mix of major national and religious occasions. Major holidays in the first half of the year include Holi on 3 March, Ram Navami on 26 March, Mahavir Jayanti on 31 March and Good Friday on 3 April. Markets will also remain closed on Ambedkar Jayanti on 14th April, Maharashtra Day on 1st May and Bakri Eid on 28th May. In the second half of the year, trading will remain closed on Muharram on 26th June, Ganesh Chaturthi on 14th September and Gandhi Jayanti on 2nd October. After this, there will be Dussehra on 20th October, Diwali Balipratipada on 10th November and Guru Nanak Jayanti on 24th November. The last market holiday of 2026 will be Christmas on December 25.
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