Description

BSE announces trading holiday on January 15, 2026 due to Municipal Corporation Elections in Maharashtra, with modified timings for commodity derivatives and electronic gold receipts.

Summary

BSE has announced a trading holiday on January 15, 2026, due to Municipal Corporation Elections in Maharashtra. The Equity Segment, Equity Derivatives Segment, and morning sessions of Commodity Derivatives and Electronic Gold Receipts will remain closed. Equity derivatives contracts scheduled to expire on January 15, 2026 will be preponed to January 14, 2026. Commodity derivatives and electronic gold receipts will be available only during evening sessions with modified timings.

Key Points

  • Trading holiday declared for January 15, 2026 due to Municipal Corporation Elections in Maharashtra
  • Equity Segment will remain completely closed on January 15, 2026
  • Equity Derivatives Segment will remain completely closed on January 15, 2026
  • Equity derivatives contracts expiring on January 15, 2026 preponed to January 14, 2026
  • Preponed expiry changes will be included in today’s end-of-day contract master files
  • Commodity Derivatives Segment closed for morning session (9:00 am to 5:00 pm)
  • Commodity Derivatives Segment open for evening session (5:00 pm to 11:55 pm)
  • Electronic Gold Receipts (EGR) closed for morning session (9:00 am to 5:00 pm)
  • Electronic Gold Receipts (EGR) open for evening session (5:00 pm to 9:30 pm)
  • This notice is in continuation to Exchange Notice 20260109-16

Regulatory Changes

No permanent regulatory changes. This is a one-time market closure announcement for a specific public holiday.

Compliance Requirements

  • Trading members must note the complete closure of equity and equity derivatives segments on January 15, 2026
  • Trading members must be aware of preponed expiry for equity derivatives contracts from January 15 to January 14, 2026
  • Trading members must refer to updated end-of-day contract master files for expiry date changes
  • Trading members planning commodity derivatives or EGR transactions must note the modified evening-only trading hours

Important Dates

  • January 12, 2026: Notice issued; updated contract master files with preponed 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 completely closed; commodity derivatives available 5:00 pm to 11:55 pm; EGR available 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: High - Trading members need to adjust their operations, inform clients about the holiday, and ensure proper handling of derivatives expiry preponed to January 14. Risk management systems must be updated to reflect the modified expiry dates.

Segment-Specific Impact:

  • Equity & Equity Derivatives: Complete closure eliminates trading, clearing, and settlement activities
  • Commodity Derivatives: Partial impact with morning session closed but evening session (5:00 pm to 11:55 pm) operational
  • Electronic Gold Receipts: Partial impact with morning session closed but evening session (5:00 pm to 9:30 pm) operational

Liquidity Impact: Significant reduction in overall market liquidity on January 15, with potential spillover effects on January 14 due to preponed derivatives expiry.

Impact Justification

Complete market closure for equity and equity derivatives segments on January 15, 2026 affects all market participants. Equity derivatives expiry preponed to January 14, 2026. Only evening sessions available for commodity derivatives and EGR segments.