Initially, the 'beta' framework will be tested on only 25 stocks, including just three names from the Sensex components.
JSW Steel, State Bank of India, Bajaj Auto, MRF, Vedanta, and Ambuja Cements are among the stocks where a separate same-day (T+0) settlement will be available for trades executed until 1.30 pm.
The move towards the T+O settlement comes a little over a year after India fully implemented the T+1 settlement cycle and at a time when the US market has yet to fully transition to the T+1 settlement.
The same-day settlement framework will remain optional and run parallel to the current T+1 cycle in the equity cash segment.
This story is from the March 28, 2024 edition of Business Standard.
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This story is from the March 28, 2024 edition of Business Standard.
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