Indian stock exchanges, including the NSE and BSE, remained closed on Thursday, January 15, in observance of a trading holiday for the Maharashtra municipal elections. This suspension of activity halted all equity, derivative, and SLR segments for the duration of the session. The closure drew public criticism from Zerodha CEO Nithin Kamath, who argued that domestic market shutdowns are increasingly incompatible with integrated global financial systems. Kamath characterized the holiday as a lapse in strategic planning that disrupts the continuity required for modern electronic trading. In response, industry veteran Samir Arora challenged the consistency of these criticisms. Arora highlighted the market's willingness to operate on non-standard days, such as the upcoming Sunday session for the Union Budget, suggesting a lack of uniform logic regarding when the exchanges should remain open or closed.