Description
BSE announces trading holiday on January 15, 2026 for Currency Derivatives (including Interest Rate Derivatives), NDS-RST and Tri Party Repo segments due to Municipal Corporation Election in Maharashtra.
Summary
BSE has announced that the exchange will remain closed on January 15, 2026 in the Currency Derivatives Segment (covering Currency Derivatives and Interest Rate Derivatives products), New Debt Segment – Reporting, Settlement and Trading (NDS-RST), and Tri Party Repo segments. This is a partial modification to the trading holiday calendar for 2026 announced on December 23, 2025, due to Municipal Corporation Election in Maharashtra scheduled for Thursday, January 15, 2026.
Key Points
- Trading holiday declared for January 15, 2026
- Affects Currency Derivatives Segment (Currency Derivatives and Interest Rate Derivatives products)
- Affects New Debt Segment – Reporting, Settlement and Trading (NDS-RST)
- Affects Tri Party Repo segment
- Reason: Municipal Corporation Election in Maharashtra
- Partial modification to Exchange notice number 20251223-12 dated December 23, 2025
- No trading will take place on this day in the affected segments
Regulatory Changes
This circular partially modifies the trading holiday calendar for 2026 that was previously announced via Exchange notice number 20251223-12 dated December 23, 2025. An additional trading holiday has been added specifically for Currency Derivatives, NDS-RST and Tri Party Repo segments.
Compliance Requirements
- Trading members must note the trading holiday on January 15, 2026
- No trading activities to be conducted in Currency Derivatives Segment (Currency Derivatives and Interest Rate Derivatives products), NDS-RST, and Tri Party Repo segments on this date
- Members should plan their trading and settlement activities accordingly
Important Dates
- January 15, 2026: Trading holiday for Currency Derivatives Segment (Currency Derivatives and Interest Rate Derivatives products), NDS-RST and Tri Party Repo segments
- Reference: Notice number 20251223-12 dated December 23, 2025 (original trading holiday calendar)
Impact Assessment
Market Impact: Medium - The trading holiday affects specific segments only (Currency Derivatives, Interest Rate Derivatives, NDS-RST, and Tri Party Repo). Equity and other segments are not mentioned and may continue normal operations. Market participants in affected segments will need to adjust their trading strategies and settlement schedules.
Operational Impact: Trading members and participants in Currency Derivatives, NDS-RST and Tri Party Repo segments will have no trading activity on January 15, 2026. This may impact hedging activities, debt market operations, and repo transactions. Participants should plan positions and risk management activities around this closure.
Settlement Impact: Settlement cycles for transactions in affected segments will be adjusted to account for the holiday closure.
Impact Justification
Scheduled trading holiday affecting specific segments (Currency Derivatives, NDS-RST, Tri Party Repo) only, not equity markets. Partial modification to previously announced holiday calendar for 2026.