One of those things we should question, as capital markets in India have grown significantly. These midweek unscheduled holidays affect option time decay, settlement, and prices, with volatility spikes the next day.
@nithin shared this on X:
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To have a good effect on options(and to manipulate prices), they should only announce the holiday today at 7am. Otherwise, options would have already factored in the decay anticipating the holiday. This is sloppy job announcing before.
Take it easy, this is not a place for serious peeps! 
With all due respect, I believe it’s not such a big deal. NSE, BSE, SEBI offices are all in Mumbai and their eligible employees need to go out and vote.
Agree to the Munger quote on incentives, and thinking about it - off day means no trades and no brokerage revenues - so the reason for Nithin’s frustration is kind of being explained by his own tweet I feel. Again no disrespect, I’m a big fan, but this seemed unnecessary. It was a planned holiday after all and notified well in advance.
Mumbai isn’t India though. Local election/riots/poltical events or any disturbance should have no bearing for the entirety of India. Furthermore, do hospitals or emergency services close down in Mumbai due to local elections? Do Amazon/Google services fail when there’s elections in their local area? Nithin’s claim is simply that if the job isn’t taken seriously like that of international companies, then international investors won’t take it seriously. And that’s valid.
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Okay, I think this argument makes me realise that markets should be open 24x7, 365 days, just like emergency services…
planned and notified in advance ? it was Sensex expiry day. I didn’t even know until Wednesday morning
Forget about international investor. why do we need a holiday because of local election in Mumbai ?
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https://www.moneycontrol.com/news/business/markets/metropolitan-stock-exchange-raises-nearly-rs-120-crore-groww-promoters-rainmatter-investments-among-investors-12897651.html/amp @nithin new exchange updates?
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Is that infeasible in this day and age?
It’s not, but even brokers were hesitant last time this discussion came up. Of course the default argument is thin liquidity outside of “normal” hours. But this is a red herring 
, there can be no liquidity if the market isn’t open! 
In the same vein, there is no real reason why we can’t have instant demat settlements a la UPI. 
Inefficiencies are everywhere among market participants. 
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