BSE releases list of 25 stocks available for T+0 settlement starting March 28
Cipla, SBI, and Vedanta are among 25 stocks that will be eligible for the T+0 settlement cycle from March 28. Stock exchange BSE has released a list of these 25 stocks that will be eligible for the shortened settlement cycle from tomorrow.
The 25 scrips that will be available for the T+0 cycle are - Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda, Bharat Petroleum Corporation Ltd, Birlasoft, Cipla, Coforge, Divi’s Laboratories, Hindalco Industries, Indian Hotels, JSW Steel, LIC Housing Finance, LTIMindtree, MRF, Nestle India, NMDC, Oil and Natural Gas Corporation, Petronet LNG, Samvardhana Motherson International, State Bank of India, Tata Communications, Trent, Union Bank of India and Vedanta. A T+0 cycle means that the settlements will happen on the same day of the trade.
This will run parallel to the existing T+1 settlement cycle in the equity cash market. The Indian stock market fully shifted to T+1 settlement cycle in March 2023 Markets regulator Securities and Exchange Board of India (SEBI) had earlier issued a framework to introduce the beta version of the T+0 trade settlement cycle on an optional basis.
In the beginning, this option would be available for a limited 25 scrips and with a limited number of brokers. Following the Sebi guidelines, BSE had declared to introduce a beta version of the T+0 settlement from 28th March 2024 i.e.
on Thursday. After the introduction of the beta version of T+0 settlement, all the charges or fees like Transaction Charges, STT, and Regulatory/ Turnover Fees that are applicable for T+1 settled security will be applicable for T+0 settled security, BSE said.Milestone Alert!
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