The Bombay Stock Exchange (BSE) on Wednesday (March 27) released the list of 25 stocks eligible for T+0 settlement cycle from tomorrow (March 28, 2024).
Settlements in these 25 stocks will happen on the same day of the trade. Further, the T+0 cycle will run parallel to the existing T+1 settlement cycle in the equity cash market.
The BSE’s announcement comes days after the markets regulator SEBI decided to introduce Beta version of an optional T+0 settlement cycle in addition to the existing T+1 framework for a set of 25 stocks.
“Pursuant to deliberations and approval of the Board, it has been decided to put in place a framework for introduction of the Beta version of T+0 settlement cycle on optional basis in addition to the existing T+1 settlement cycle in equity cash market, for a limited set of 25 scrips and with a limited number of brokers,” SEBI said in a circular dated march 21, 2024.
Also Read: How will T+0 settlement benefit stock market traders?
25 Stocks Eligible for T+0 settlement
Following is the list of stocks eligible for T+0 settlement cycle:
| Ambuja Cements | LIC Housing Finance |
| Ashok Leyland | LTIMindtree |
| Bajaj Auto | MRF |
| Bank of Baroda | Nestle India |
| Bharat Petroleum Corporation Ltd | NMDC |
| Birlasoft | Oil and Natural Gas Corporation |
| Cipla | Petronet LNG |
| Coforge | Samvardhana Motherson International |
| Divi’s Laboratories | State Bank of India |
| Hindalco Industries | Tata Communications |
| Indian Hotels | Trent |
| JSW Steel | Union Bank of India |
| Vedanta |
Last year in March, stock market in India shifted to T+1 settlement cycle.
Charges to be settled in T+0 cycle
With the introduction of T+0 settlement, Charges or fees like Transaction Charges, STT and Regulatory/Turnover Fees applicable for T+1 settled security will be applicable for T+0 settled security now, according to BSE.
