Currently, the optional T+0 settlement will run parallel to the existing T+1 settlement cycle.
While the Securities and Exchange Board of India (Sebi) chairperson Madhabi Puri Buch has been talking about it since last June, it would be interesting to see how the new system functions.
The markets regulator will review the progress at the end of three months and six months, and decide on the next course of action.
The stock exchanges have given out the list of 25 stocks. Amid big names included in the list are State Bank of India, Ambuja Cements, Hindalco, ONGC and Bajaj Auto.
This story is from the March 28, 2024 edition of Financial Express Mumbai.
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This story is from the March 28, 2024 edition of Financial Express Mumbai.
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