NSE in a circular said January 15 will be a settlement holiday on this date. This means, there will be no settlement for T+0 settlement on January 15. While trading activity may continue as per the exchange timetable, clearing and settlement obligations for that specific T+0 cycle will not be processed on that day.
Because of the settlement holiday, the settlement schedule for T+1 trades has also been adjusted. As per the revised schedule, trades done on January 14 will now be settled on January 16. For trades executed on January 15, settlement will also take place on January 16.
Settlement holidays are typically declared during elections or major public events when banking and clearing operations are affected. Because January 15 is a public holiday in the state, most of the banks would remain closed on the date.
For retail investors, the key takeaway is that trading is not impacted, but the credit of shares or funds may be delayed by a day around January 15 due to the settlement holiday.
Stock market holidays in 2026
Indian stock exchanges will remain shut for 15 days in 2026. The holiday calendar begins with Republic Day on January 26 and covers a mix of major national and religious occasions. Key closures in the first half of the year include Holi on March 3, Ram Navami on March 26, Mahavir Jayanti on March 31 and Good Friday on April 3. Markets will also remain closed on Ambedkar Jayanti on April 14, Maharashtra Day on May 1, and Bakri Id on May 28.
In the latter half of the year, trading will be suspended on Muharram on June 26, Ganesh Chaturthi on September 14 and Gandhi Jayanti on October 2. This will be followed by Dussehra on October 20, Diwali Balipratipada on November 10, and Guru Nanak Jayanti on November 24. The final market holiday of 2026 will be Christmas on December 25.
Indian stock market outlook
Indian equities had a rough start to 2026 as the first full week of the year was met by investors with caution, reflecting a corrective undertone.
The week began on a muted note as expectations of higher government borrowing drove bond yields upward, though strong GST collections and healthy bank credit growth provided some support. Market sentiment, however, weakened amid global headwinds, including the Venezuela-US standoff, concerns over Russian oil imports, China’s restrictions on rare earth exports, and continued FII outflows.
The week ended on a cautious tone ahead of US Supreme Court rulings on tariffs, with fears of additional levies under Russian sanctions overshadowing optimism around earnings recovery.
Looking ahead, analysts say clarity on global trade dynamics and Q3 earnings will shape market direction.
“Volatility is likely to persist in the near term, particularly in US exposed companies and sectors such as metals and oil & gas. However, strong domestic fundamentals, resilient GDP growth and robust credit trends, could underpin selective buying where earnings prospects remain favourable,” said Vinod Nair, Head of Research at Geojit Investments.
