Dalal Street Closed Today for Maharashtra Civic Polls; MCX Partially Operational.
Dalal Street is taking a pause on January 15, 2026, as trading on both the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is suspended due to civic elections in Maharashtra. The holiday covers equities, equity derivatives, commodity derivatives, and electronic gold receipts.
The Maharashtra government declared January 15 a public holiday under the Negotiable Instruments Act, 1881, to ensure smooth polling across 29 municipal corporations, including Mumbai City and Mumbai Suburban under the Brihanmumbai Municipal Corporation (BMC). Banks are closed, affecting clearing and settlement operations, prompting stock exchanges to halt trading.
Changes in Derivatives Expiry
Equity derivatives contracts originally set to expire on January 15 have been advanced to January 14, according to a BSE circular. The NSE also confirmed a full trading holiday for both capital market and futures & options segments.
MCX Trading
The Multi Commodity Exchange (MCX) will operate partially. Morning trading (9:00 AM – 5:00 PM) will be suspended, while bullion contracts such as gold and silver will trade only in the evening session (5:00 PM – 11:55 PM). Select agricultural commodities will be traded until 9:00 PM.
When Markets Will Reopen
Trading on Dalal Street is expected to resume once normal banking and settlement operations return after the elections. Counting of votes is scheduled for January 16.
Market Holidays in 2026
Indian stock markets will remain closed for a total of 16 days this year. Key holidays in the first half include Holi (March 3), Ram Navami (March 26), Mahavir Jayanti (March 31), Good Friday (April 3), Ambedkar Jayanti (April 14), Maharashtra Day (May 1), and Bakri Id (May 28).
In the second half, markets will be closed on Muharram (June 26), Ganesh Chaturthi (September 14), Gandhi Jayanti (October 2), Dussehra (October 20), Diwali Balipratipada (November 10), Guru Nanak Jayanti (November 24), and Christmas (December 25). Independence Day falls on a weekend and does not affect trading.
Markets may also open on February 1 if the government presents the Union Budget on that day, though an official announcement is still awaited.
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