Indian Stock Markets Closed for Maharashtra Municipal Elections Amid Debate on Market Holiday

Indian stock exchanges, including the BSE and NSE, were closed on January 15 due to municipal elections in Maharashtra, including Mumbai's Brihanmumbai Municipal Corporation polls. Zerodha CEO Nithin Kamath criticized the closure as poor planning, highlighting the exchanges' global linkages and the impact on international investors. He cited Charlie Munger's quote on incentives to explain why such holidays persist. Some market participants questioned the consistency of such closures, while others noted logistical challenges during elections. Trading resumed the following day.