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NSE, BSE to Shut Jan 15 for Maharashtra Civic Polls as F&O Expiry Moves Up

A state-declared holiday under the Negotiable Instruments Act prompted exchanges to impose a full market halt, advancing weekly derivatives expiries.

Overview

  • Trading will be suspended across equities, equity derivatives, SLB, currency and interest rate derivatives on January 15, with EGRs also paused.
  • Weekly F&O contracts originally due on January 15 will expire on January 14 after exchanges preponed the schedule.
  • Commodity derivatives will be closed for the morning session, with MCX scheduling an evening session from 5 pm.
  • Exchanges reversed an earlier plan to keep trading open on a settlement holiday, citing the statewide public holiday for voting.
  • Normal market operations are slated to resume on Friday, January 16, when vote counting for 29 municipal corporations, including the BMC, is scheduled.