The method of trading will change, T+0 trade cycle will start from tomorrow; List of 25 shares also released
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New Delhi (Uttam Hindu News): If you also trade in the stock market, then this news is for you. The trading system in the market is going to change from tomorrow. Therefore it is important that you have advance knowledge about it. As per the order of market regulator SEBI, the stock market is going to implement T+0 trade settlement from March 28. But initially it will be implemented on shares of 25 companies. Currently this facility is in the form of testing, which will be available for 25 selected shares and selected brokers. Currently the stock market works on T+1 trading system.
Meaning of T+0 settlement
T+0 settlement means that your order will be settled on the same day you place the order. SEBI believes that this is a step taken in accordance with the changing times. The regulator’s efforts to reduce settlement time are continuing. In 2002, the settlement cycle decreased from T+5 to T+3. In 2003 it decreased from T+3 to T+2.
trade timing
The market regulator said that all investors who meet the timelines can participate in the T+0 settlement system. The trade timing for this will be between 9:15 to 1:30. Currently, the list of stocks released for T+0 settlement includes shares of a total of 25 companies.
List of 25 stocks
AMBUJA CEMENTS LTD
ASHOK LEYLAND LTD
BAJAJ AUTO LTD
BANK OF BARODA
BHARAT PETROLEUM CORPORATION LTD
BIRLASOFT LTD
CIPLA LTD
CO FORGE LTD
DIVIS LABORATORIES LTD
HINDALCO INDUSTRIES LTD
INDIAN HOTELS CO LTD
JSW STEEL LTD
LIC HOUSING FINANCE LTD
LTIMINDTREE LTD
MRF LTD
NESTLE INDIA LTD
NMDC LTD
OIL AND NATURAL GAS CORPORATION
PETRONET LNG LTD
SAMVARDHANA MOTHERSON INTERNATIONAL LTD
STATE BANK OF INDIA
TATA COMMUNICATIONS LTD
TRENT LTD
UNION BANK OF INDIA
VEDANTA LTD
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