India's stock market will remain closed today, January 15, due to the Mumbai Municipal Corporation elections. The Maharashtra government has declared a public holiday for the elections, leading to the suspension of trading for the day.
Both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE), which are headquartered in Mumbai, will remain shut as voting takes place across the city. As a result, all normal trading activities on these exchanges will be suspended on Thursday. Trading will resume as usual on Friday, January 16.
Commodity market to open in evening
While equity trading will remain closed for the entire day, the commodity market will operate partially. The Multi Commodity Exchange (MCX) will remain closed during the morning session but will open for trading in the evening. MCX will be operational from 5:00 PM to 11:55 PM on Thursday.
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Holiday was not in original list
Every year, the BSE and NSE publish a list of stock market holidays at the beginning of the year. The January 15 holiday was not included in the original list and was announced later through a special notification due to the municipal elections.
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In total, there are 16 stock market holidays scheduled this year, apart from regular Saturdays and Sundays. In January, the next scheduled market holiday will be on January 26, on the occasion of Republic Day.
