Mumbai | January 13, 2026
The National Stock Exchange (NSE) has announced that the Indian stock market will remain open for trading on January 15, even though Maharashtra will observe a public holiday due to municipal elections. However, the day has been designated as a “settlement holiday,” meaning clearing and settlement operations will not be conducted.
This clarification is crucial for investors and traders, as banking and clearing processes typically pause during statewide holidays.
Trading to Continue, But No Settlement on January 15
According to NSE’s circular, all trading activities across equity markets will function as per the regular schedule on January 15.
However, with major banks closed in Mumbai and other key cities, the clearing and settlement of trades cannot be processed on that day.
The exchange stated that no T+0 settlements will be executed on January 15, and all clearing obligations for this specific cycle will be deferred.
Revised Settlement Schedule for Investors
The settlement holiday affects the T+1 cycle, requiring date adjustments for trades executed around the holiday:
Revised Settlement Dates
Trades executed on January 14:
Settlement shifted from January 15 → January 16Trades executed on January 15:
Settlement scheduled for January 16
Key takeaway for retail investors:
You can buy or sell shares on January 15, but credited shares or funds may arrive with a one-day delay in your demat or trading account.
Indian Stock Market Holiday Calendar 2026
Alongside the clarification, exchanges have also released the 2026 market holiday calendar.
In the year 2026, Indian stock markets will remain closed for 15 days.
Major Market Holidays in First Half of 2026
January
26 January – Republic Day
March
3 March – Holi
26 March – Ram Navami
31 March – Mahavir Jayanti
April
3 April – Good Friday
14 April – Ambedkar Jayanti
May
1 May – Maharashtra Day
28 May – Bakrid (Eid al-Adha)
Exchanges emphasize that the aim is to maintain market continuity even when regional banking operations are affected. Investors are advised to plan liquidity, pay-ins, and holdings accordingly around the revised settlement dates.
