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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.