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NSE Sets Jan. 15 Trading Holiday for Maharashtra Civic Polls

The move follows a state holiday declared under Section 25 of the Negotiable Instruments Act to ease voting.

Overview

  • Equity cash trading on the NSE will be shut for the session, with normal operations set to resume on January 16.
  • The exchange issued a revised circular that adds January 15 as a market holiday after an earlier notice omitted the date.
  • Maharashtra declared an election-day public holiday using powers delegated by the Union Home Ministry in 1968.
  • The civic elections include the Brihanmumbai Municipal Corporation in Mumbai alongside other municipal bodies across the state.
  • Officials say the holiday is intended to support voter participation in the local body polls.