BSE will announce 25 stocks eligible for T+0 settlement cycle from Thursday

The BSE has named 25 stocks eligible for the T+0 settlement cycle starting on Thursday. The move follows the capital markets regulator’s introduction of a framework for the beta version of the T+0 trade settlement cycle on an optional basis earlier this month.

The 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 accessible to a select set of 25 scrips and with a limited number of brokers. This initiative aims to provide an additional settlement cycle option to the existing T+1 in the equity cash market.

India’s transition to ‘T+1’ from ‘T+2’ was completed in three phases by March 2023. A shorter settlement cycle requires changes in the infrastructure of trading operations for brokers. It also requires certain approvals for foreign institutional investors. Now, within a year of moving to ‘T+1’, the market is moving towards a same-day settlement cycle for transactions.

Here is the full 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 company

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

First print: March 27, 2024 | 2:21 PM IST