BSE announces list of 25 stocks eligible for T+0 settlement cycle from tomorrow

Bombay Stock Exchange announced a list of 25 stocks that will be eligible for the T+0 settlement cycle and apply from March 28.

Among the stocks making the cut are Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda, BPCL, and Cipla, as well as three Tata Group entities, according to BSE.

Currently, Indian markets operate on a T+1 settlement cycle, where transactions reflect in investors’ demat accounts one day after trading. The move to T+0 settlement cycle comes after the Securities and Exchange Board of India (Sebi) recently introduced a framework for the beta version of T+0 trade settlement cycle on an optional basis.

Initially, this option will be accessible for a limited set of 25 scrips and with a restricted number of brokers.

In terms of eligibility curb, investors must comply with the specified duration lines set by the market infrastructure institutions, strict procedural conditions, and restrike the necessary risk profile. Trading will be allowed between 9:15 am and 1:30 pm, and the price bank will be +100 basis points from the regular T+1 market.

On the other hand, the price attained by T+0 selling will not be accepted for settlement computation or for the index, and closing cost will remain the same.

Additionally, surveillance measures applicable in the T+1 settlement cycle will extend to scrips in the T+0 settlement cycle.