T+0 settlement will start in the stock market from Thursday (28 March). On purchasing shares under T+0 settlement, the investor will get the delivery on the same day. However, this has been introduced only in some stocks and is optional. It is likely to be implemented in all shares soon.
BSE releases list of T+0 settlement shares
Stock exchange BSE has also released the list of shares with T+0 settlement on March 27.
- Ambuja Cement
- Ashok Leyland
- Bajaj Auto
- Bank of Baroda
- BPCL
- Birlasoft
- Cipla
- coforge
- Divi’s Laboratories
- Hindalco
- Indian Hotel
- JSW Steel
- LIC Housing
- LTI Mindtree
- mrf
- Nestle
- NMDC
- Oil and Natural Gas
- Petronet LNG
- Samvardhana Motherson International
- Tata Communication
- trend
- Union Bank of India
- Vedanta
- State Bank of India
The announcement was made earlier this month
Earlier this month, SEBI had said that the regulator is working towards implementing T+0 settlement. Soon its beta version will be introduced in the market as an option. Let us tell you, this beta version will be available only on some brokers at present and this will be in addition to T+1 settlement. Further added that T+0 prices will not be considered in index calculation and settlement price calculation. There will be no separate closing price for securities based on trading in the T+0 segment.
SEBI further said that the introduction of the new system will save a lot of time and will also be economical. The regulator’s effort is to protect the interests of investors. Earlier, the government had implemented T+1 settlement last year. Whereas, T+2 settlement was implemented in 2003, and T+3 settlement was implemented in 2002.
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