Description
BSE announces trading holiday on January 15, 2026 due to Municipal Corporation Elections in Maharashtra, with revised settlement schedules across equity, derivatives, and commodity segments.
Summary
BSE has declared January 15, 2026 as a trading holiday on account of Municipal Corporation Elections in Maharashtra. This circular provides revised settlement schedules for transactions across equity, SLB, equity derivatives, EGR, currency derivatives, and commodity derivatives segments. Trading scheduled for January 14 and 15, 2026 will have revised settlement dates.
Key Points
- January 15, 2026 declared as trading holiday for Municipal Corporation Elections in Maharashtra
- Settlement schedules revised across multiple segments
- Trades from January 14, 2026 originally settling on January 15 will now settle on January 16
- Trades from January 15, 2026 for EGR and Commodity Derivatives will settle on January 16
- No trading or settlement applicable for Equity, SLB, Equity Derivatives, and Currency Derivatives on January 15, 2026
- References Exchange Notice no 20260112-8 dated January 12, 2026 and Notice No. 20260109-66 dated January 09, 2026
Regulatory Changes
No regulatory changes introduced. This is an operational adjustment for a trading holiday.
Compliance Requirements
- Members must note the trading holiday on January 15, 2026
- All market participants must adjust their settlement schedules accordingly
- Trades executed on January 14, 2026 must be settled on the revised date of January 16, 2026 instead of January 15
Important Dates
- January 12, 2026: Notice issued
- January 14, 2026: Trades originally settling on January 15 now revised to settle on January 16
- January 15, 2026: Trading Holiday (no trading or settlement for most segments)
- January 16, 2026: Revised settlement date for trades from January 14 and 15
Revised Settlement Schedule
| Segment | Trade Date | Original Settlement | Revised Settlement |
|---|---|---|---|
| Equity, SLB, Equity Derivatives, EGR, Currency Derivatives, Commodity Derivatives | Jan 14, 2026 | Jan 15, 2026 | Jan 16, 2026 |
| EGR, Commodity Derivatives | Jan 15, 2026 | Jan 16, 2026 | Jan 16, 2026 |
| Equity, SLB, Equity Derivatives, Currency Derivatives | Jan 15, 2026 | NA | NA (Trading Holiday) |
Impact Assessment
Market Impact: High - Market-wide trading holiday affects all participants across all segments. Complete suspension of trading for most segments on January 15, 2026.
Operational Impact: High - Settlement teams and back-office operations must adjust schedules. One-day shift in settlement cycles affects liquidity management, margin requirements, and payment schedules.
Segments Affected: Equity, SLB, Equity Derivatives, EGR, Currency Derivatives, and Commodity Derivatives.
Participants Affected: All trading members, clearing members, brokers, institutional investors, and retail investors.
Impact Justification
Market-wide trading holiday affecting all segments with settlement date changes impacting all market participants