The T+0 settlement cycle means that some stocks can now be settled on the same day as the trade, starting Thursday. This comes after the capital markets regulator introduced a framework for the beta version of the T+0 settlement cycle earlier this month.
Among the stocks eligible for this T+0 settlement cycle are Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda, and Bharat Petroleum Corporation Ltd, among others.
Initially, this option will be available for a select set of 25 stocks and with a limited number of brokers. The aim is to provide another settlement cycle option alongside the existing T+1 cycle in the equity cash market.
India transitioned from a 'T+2' to a 'T+1' settlement cycle in March 2023, in three phases. Now, within a year of transitioning to 'T+1', the market is moving towards a same-day settlement cycle for trades.
The transition to a shorter settlement cycle requires changes in the trading operations infrastructure for brokers and certain approvals for foreign institutional investors.
Here is the complete list of stocks eligible for the T+0 settlement cycle:
1. Ambuja Cements Ltd.
2. Ashok Leyland Ltd.
3. Bajaj Auto Ltd.
4. Bank of Baroda
5. Bharat Petroleum Corporation Ltd
6. Birlasoft Ltd
7. Cipla Ltd.
8. Coforge Ltd
9. Divis Laboratories Ltd.
10. Hindalco Industries Ltd.
11. Indian Hotels Co. Ltd.
12. JSW Steel Ltd.
13. LIC Housing Finance Ltd.
14. LTI Mindtree Ltd
15. MRF Ltd.
16. Nestle India Ltd.
17. NMDC Ltd.
18. Oil and Natural Gas Corporation
19. Petronet LNG Ltd.
20. Samvardhana Motherson International Ltd
21. State Bank of India
22. Tata Communications Ltd.
23. Trent Ltd.
24. Union Bank of India
25. Vedanta Ltd
