India, Jan. 14 -- Mumbai's civic elections will not only decide the future of the Brihanmumbai Municipal Corporation (BMC) but will also pause India's financial markets for a day. As Maharashtra votes in the BMC Elections 2026, both the BSE and NSE have announced a market holiday on January 15.

The shutdown comes as part of a wider public holiday declared to ensure smooth polling and higher voter participation across election-bound regions.

Both BSE and NSE confirmed that no trading will take place on January 15, 2026, due to the BMC elections. The holiday will apply across all major segments, including equity, equity derivatives, currency derivatives and commodity markets.

The exchanges said they will suspend trading in equity and der...