The Bombay Stock Exchange (BSE) will introduce block deal trading under the T+0 settlement cycle starting from May 2, 2025, according to a notification issued on Monday.
This new facility will co-exist with the current block deal window operating under the T+1 settlement cycle. The move follows directions issued by the Securities and Exchange Board of India (SEBI) in its circular dated December 10, 2024, aimed at enhancing the scope of optional T+0 rolling settlements.
According to BSE, trading parameters for block deals in the T+0 settlement cycle will include:
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Segment: Equity
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Scrip Symbol: Same as the T+1 security symbol, suffixed with “#” (example: HINDMOTORS#)
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Eligible Securities: All securities listed under the T+0 settlement cycle
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Session Timing: Morning block deal window between 8:45 am and 9:00 am
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Block Reference Price: Previous day’s closing price or adjusted close price of the corresponding T+1 security
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Price Band: ±1% of the Block Reference Price
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Minimum Order Size: ₹10 crore
Additionally, custodian participant (CP) codes, excluding ‘INST’ orders, will be permitted in the T+0 block deal window. Other compliance and reporting requirements applicable to existing block deals will continue to apply.
Members seeking more information are advised to refer to the updated FAQs on BSE’s website or contact the BSE Helpdesk.
