India, Jan. 15 -- Zerodha co-founder and CEO Nithin Kamath expressed his dissatisfaction with markets shutting for Maharashtra civic polls. Taking to X, he criticised that it shows "poor planning and a serious lack of appreciation for second-order effects."

"Indian stock exchanges are closed today for Mumbai's municipal elections. The fact that our exchanges, which have international linkages, are shut down for a local municipal election shows poor planning and a serious lack of appreciation for second-order effects," the billionaire wrote.

Quoting the late Charlie Munger, renowned American investor and businessman, Kamath tweeted, "Show me the incentive, and I will show you the outcome."

Kamath continued, "The holiday exists because n...