Mumbai/IBNS, Jan. 15 -- Zerodha founder and CEO Nithin Kamath has criticised the decision to shut stock market trading on the day of the Maharashtra civic polls, calling it "poor planning and a serious lack of appreciation for second-order effects."

Trading has been suspended for the day on both the BSE and NSE.

The morning session (9 am-5 pm) in the commodity segment, however, remained shut.

The holiday was announced on January 12 and was included in the official list of stock market holidays for the year.

According to a Business Standard report, the shutdown was aimed at enabling professionals in the financial services sector to cast their votes in the municipal elections being held across the state.

The markets had closed in the r...