The BSE has named 25 equities that will be eligible for the T+0 settlement cycle, which begins Thursday. This decision comes after the capital markets regulator introduced a framework for the beta version of the T+0 trade settlement cycle on an optional basis earlier this month.
Stocks eligible for the T+0 settlement cycle include Ambuja Cements, Ashok Leyland, Bajaj Auto, Bank of Baroda, and BPCL.
Initially, this option will be available to a select group of 25 scrips and a limited number of brokers. This effort attempts to supplement the existing T+1 settlement cycle in the equities cash market.
In March 2023, India completed its three-phase transition to 'T+1' from 'T+2'. Brokers' trading operations must adjust to accommodate a shorter settlement period. Foreign institutional investors must also obtain specific approvals. Within a year of switching to 'T+1', the market is moving toward a same-day settlement cycle for deals.
Here's the full list of stocks that are qualified 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
