T+0 settlement cycle: 90 trades take place in 10 stocks on first day

“On the first day, 63 members participated in this optional segment. As many as 41 members traded in 10 scrips and placed a total of 329 orders which resulted into 90 trades,” the BSE said in a release.

A total of 49 unique investors used the T+0 trade settlement facility, it said.

The trades in the segment were very low as communication from the stock exchanges and brokers to the clients was not very clear, said a market participant.

Commenting on the launch, BSE’s Managing Director Sundararaman Ramamurthy said, “This (T+0 settlement cycle) is a significant step towards greater efficiency and reduced risk in our market. We are confident that this optional settlement cycle will contribute to the continued growth and development of the capital markets in India.”

Under the T+0 trade cycle, the settlement of trades happens on the same day after the closure of the T+0 market. The trade timing for this segment is from 9:15 am to 1:30 pm.

Meanwhile, the BSE rose 655.04 points, or 0.90 per cent, to close at 73,651.35 on Thursday, the final trading day of fiscal 2024. The index surged 1,194 points to 74,190.31 during intra day trades. On March 7, it touched an all-time high of 74,245.17 during intra day trades.

The Nifty jumped 203.25 points, or 0.92 per cent, to settle at 22,326.9.