SBI, Bajaj Auto among 25 stocks eligible for T+0 settlement for trade executed between 9:15 am to 1:30 pm
IndianExpress | March 27, 2024 6:15 PM CST
India’s Bajaj Auto, Bharat Petroleum and State Bank of India (SBI) are among 25 stocks eligible for optional same-day settlement starting from March 28, the Bombay Stock Exchange (BSE) said on Wednesday. Indian markets operate on a T+1 settlement cycle for all stocks currently, which means that the purchase and sale of shares will reflect in the demat accounts of investors one day after the transaction. The new T+0 settlement cycle reduces transactional risks and enhances market efficiency by providing immediate liquidity to investors, said analysts at ICICI Direct. Implementing th...
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