All the confusion regarding the holiday of stock market and banks on January 15, 2026 has now been resolved. Except Maharashtra, banks will remain open across the country, from Delhi and Kolkata to Chennai and Ahmedabad, but banks will remain closed in Maharashtra. However, the stock market will remain closed across the country. There will be no stock market related transactions on this day and trading will not be possible. Banks will also not make any settlement of sale or purchase of shares.
Why will the stock market remain closed?
The reason for this is that Mumbai Municipal Corporation (BMC) elections are to be held on January 15, 2026. Due to this, all government offices including banks in Maharashtra have been declared closed. Stock exchanges have also declared a holiday for the stock market.
Sudden decision to close the stock market
However, a few days ago it was said that the stock market would not be closed due to BMC elections. Banks were expected to remain closed only in Maharashtra. This meant that trading would take place on January 15 and shares would be bought and sold, but due to a bank holiday, the transaction would be settled the next day, i.e. the money would be transferred to the account two days after the shares were sold.
The news of the stock market remaining open and banks remaining closed had caused a lot of confusion among investors. There was a lot of discussion on this on social media. However, later the stock exchanges cleared all the confusion by announcing closure of the stock market. Now on January 15, the stock market will remain closed in the entire country and banks will remain closed only in Maharashtra.
stock market decline
A decline was also seen in the Indian stock market on Tuesday. Sensex fell 250 points to close at 83627, while Nifty fell 57 points to close at 25732. However, Nifty Bank saw a rise of 128 points. The reason for this decline is being said to be Trump’s new tariff threats. Trump announced plans to impose 25 percent tariffs on Iran’s trading partners, causing a stock market decline on Tuesday.