Indian Markets Closed for Maharashtra Elections Amid Debate on Holiday Relevance

Indian markets and banks will remain closed on January 15 due to municipal elections in Maharashtra, prompting discussions about the relevance of this holiday. Some industry leaders, including Zerodha's co-founder and Helios Capital's founder, have questioned the decision to keep markets open on Sundays and expressed concerns about the budget presentation scheduled for February 1. Normal trading is expected to resume on January 16.