T+0 cycle: These 25 stocks will be eligible for same-day settlement cycle from tomorrow. What changes and what it means?

The new T+0 settlement cycle will reduce transactional risks and enhances market efficiency. Details below

Updated on: Mar 27, 2024, 15:04:01 IST

By HT News Desk

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Bajaj Auto, Bharat Petroleum and State Bank of India are among 25 stocks which will be eligible for optional same-day settlement starting from March 28, the Bombay Stock Exchange (BSE) said. Currently, Indian stock markets operate on a T 1 settlement cycle for all stocks.

Stock market news: A man walks past the bull statue at BSE building in Mumbai. (PTI)

What is T1 settlement?

What is the new T 0 settlement?

The new T 0 settlement cycle will reduce transactional risks and enhances market efficiency as it will provide immediate liquidity to investors. This means that there will be increased trading opportunities and reduced settlement risks for investors.

How will T 0 settlement work?

The T 0 settlement will be optional for 25 stocks and will be applicable only for trades executed between 9:15 a.m. and 1:30 p.m, markets regulator Sebi said.

As per BSE, trading in T 0 cycle will be subject to a price band of 100 basis points above or below prices under the T 1 cycle, according to BSE.

Here's a complete list of stocks eligible for T 0 settlement:

Read more: Tata Group stock rallies 5% after falling for 11 sessions: What changed and what to expect

Ambuja Cements Ltd
Ashok Leyland Ltd
Bajaj Auto Ltd
Bank of Baroda
Bharat Petroleum Corporation Ltd
Birlasoft Limited
Cipla Ltd
Coforge Limited
Divis Laboratories Ltd
Hindalco Industries Ltd
Indian Hotels Co.Ltd
JSW Steel Ltd
LIC Housing Finance Ltd
LTI Mindtree Limited
MRF Ltd
Nestle India Ltd
NMDC Ltd
Oil and natural gas corporation
Petronet Lng Ltd.
Samvardhana Motherson International Ltd
State Bank of India
Tata Communications Ltd
Trent Ltd
Union Bank of India
Vedanta Limited

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HT News Desk
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