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    T+0 trade settlement scrip list released: Bajaj Auto, SBI, and 3 Tata Group stocks part of the list

    Synopsis

    Stock exchanges will introduce the beta version of ‘T+0’ or same-day trade settlement in the 25 scrips in the cash segment from Thursday.

    Explained: How will T+ 0 settlement change the way you trade
    MUMBAI - The BSE has released the 25 scrips where the T+0 trade settlement cycle will be introduced from Thursday. The list includes heavyweights such as Bajaj Auto, Cipla, Hindalco Industries, JSW Steel, and State Bank of India.

    Stock exchanges will introduce the beta version of T+0 or same-day trade settlement in the 25 scrips in the cash segment from Thursday.

    Three Tata Group stocks are part of the list, and these are Indian Hotels, Tata Communications, and Trent Ltd.

    The others are Ambuja Cements, Ashok Leyland, Bank of Baroda, Bharat Petroleum Corporation, Birlasoft, Coforge, Divi’s Laboratories, LIC Housing Finance, LTIMindtree, MRF, Nestle India, NMDC, Oil and Natural Gas Corp, Petronet LNG, Samvardhana Motherson International, Union Bank of India, and Vedanta.

    Within a year of moving fully into the T+1 trade settlement cycle, market regulator SEBI is introducing same-day settlement of trades.

    The regulator will review the progress at the end of three months and six months, and decide on the future course of action.

    All the charges/fees such as transaction charges, securities transaction tax, etc. that are applicable for securities under the T+1 settlement, will apply for T+0 too.

    The price in the T+0 segment will operate with a price band of +100 basis points from the price in the regular T+1 market. This band will be re-calibrated after every 50 basis point movement in the underlying T+1 market.

    Further, prices of stocks trading under T+0 will not be considered in index calculation and settlement price computation. There will be no separate close price for securities based on trading in the T+0 segment.

    The surveillance measures that are currently applicable in the T+1 settlement cycle will also apply to scrips in the T+0 settlement cycle.



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    ( Originally published on Mar 27, 2024 )

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    (What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2024 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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