Description

BSE announces trading holiday on January 15, 2026 for Municipal Corporation Elections in Maharashtra. Equity and derivatives segments closed; commodity derivatives and EGR available in evening sessions only.

Summary

BSE has announced a trading holiday on January 15, 2026, due to Municipal Corporation Elections scheduled in Maharashtra. The Equity Segment and Equity Derivatives Segment will remain completely closed. However, Commodity Derivatives and Electronic Gold Receipts (EGR) will be available for trading during evening sessions only. This circular is issued in continuation to Exchange Notice 20260109-16.

Key Points

  • Trading holiday declared for January 15, 2026 due to Municipal Corporation Elections in Maharashtra
  • Equity Segment: Completely closed for the day
  • Equity Derivatives Segment: Completely closed for the day
  • Equity derivatives contracts expiring on January 15, 2026 will be preponed to January 14, 2026
  • Changes will be reflected in today’s end-of-day contract master files
  • Commodity Derivatives: Morning session (9:00 am - 5:00 pm) closed; Evening session (5:00 pm - 11:55 pm) open
  • Electronic Gold Receipts (EGR): Morning session (9:00 am - 5:00 pm) closed; Evening session (5:00 pm - 9:30 pm) open

Regulatory Changes

No permanent regulatory changes. This is a one-time trading holiday announcement.

Compliance Requirements

  • Trading members must note the closure of equity and equity derivatives segments on January 15, 2026
  • Participants with equity derivatives contracts expiring on January 15, 2026 must prepare for the preponed expiry on January 14, 2026
  • Commodity derivatives and EGR traders should adjust their trading schedules to accommodate evening-only sessions
  • Review and download updated contract master files reflecting the expiry date changes

Important Dates

  • January 12, 2026: Notice date - Contract master files updated with modified expiry dates
  • January 14, 2026: Preponed expiry date for equity derivatives contracts originally scheduled for January 15, 2026
  • January 15, 2026: Trading holiday - Equity and equity derivatives segments closed all day; Commodity derivatives open 5:00 pm to 11:55 pm; EGR open 5:00 pm to 9:30 pm

Impact Assessment

Market Impact: High - Complete closure of equity and equity derivatives segments affects all equity market participants. The preponing of derivatives expiry to January 14, 2026 will concentrate settlement activity and may increase volatility on that day.

Operational Impact: Trading members need to adjust their operational schedules and inform clients about the holiday. Risk management systems must account for the preponed expiry date. Commodity and EGR traders have limited access through evening sessions only, which may reduce liquidity and trading volumes in these segments.

Participant Impact: Retail and institutional investors cannot trade equity or equity derivatives. Commodity and precious metals traders have restricted access to markets during traditional trading hours.

Impact Justification

Complete closure of equity and derivatives segments for full trading day affects all market participants. Equity derivatives contracts expiring on January 15 preponed to January 14.