Mumbai poll holiday for BSE, NSE draws flak from Zerodha’s Nithin Kamath

Indian stock exchanges remained shut on Thursday, January 15, due to municipal corporation elections in Maharashtra, resulting in a full-day trading holiday across all segments – a move that sparked debate after Zerodha CEO Nithin Kamath voiced his concerns on social media.

While the day was initially classified as a settlement holiday, exchanges issued revised circulars last week declaring a complete trading halt, citing expected bank closures across the state.