Announcements

The time of Diwali is important for all investors and traders in the share market. Traders have participated in the customary Muhurat trading on Diwali for many years. A Muhurat is a particular time or moment that is auspicious, and traders try to make trades during this window for a great trading year ahead.

In keeping with the tradition of Diwali, the Muhurat Trading Session this year for Equity, F&O, Currency, and Commodity trading will be held on Friday, 01-Nov-24.

* Random closure in the last one minute
** Random closure in the last 10 minutes

Please refer to circulars for more information on NSE (Equity&F&O),BSE, CDS, &MCX.

Further, note the following pertaining to Muhurat Trading: 

• Intraday orders are allowed in Muhurat Trading. System Square-off of Intraday Orders will be initiated by 6:45 pm on 01-Nov-24. 
• BTST will not be allowed, so stock purchased on Thursday, 31-Oct-24, will not be allowed to be sold during the Muhurat trading session on Friday, 01-Nov-24. 
• Orders of Stock SIP are not allowed in the Muhurat Trading Session. All Stock SIP orders due on Friday will be executed on the next trading day i.e., Monday, 04-Nov-24. 
• Derivatives credits and intra-day profit from the equity segment on 31-Oct-24, will not be included in the available margin on 01-Nov-24.
• No fund payout will be processed on 01-Nov-24. 
• All fund withdrawal requests placed from Thursday, 31-Oct-24, evening until 02-Nov-24 by 7 am will be processed and credited on Saturday, 02-Nov-24 by 11 am. 
• MTF Pledge settlement will be accepted from 07.30 pm till 09.00 pm.
• Margin shortage square-off and 80% MTM square-off will be expected. 
• There will be No Projected Risk, MTF Shortage, Ageing, and CUSA Square-off for 01-Nov-24.
• Orders placed after market hours (AMO) on 31-Oct-24 will be scheduled for the Muhurat Trading window.

Please note that no regular trading session will be held on Friday, 01-Nov-24, due to Diwali. Only Muhurat Trading will take place. 

Have a safe & prosperous Diwali!

Did you know: The Central Vigilance Commission (CVC) is the highest anti-corruption institution in India, focusing on preventing corruption and employing vigilance measures.

To cultivate an environment of integrity, the CVC encourages all citizens to participate in various anti-corruption measures through awareness initiatives.

What is Vigilance Awareness Week? Vigilance Awareness Week is an annual event launched by the CVC to increase public awareness against corruption. This year, Vigilance Awareness Week is celebrated from 28-Oct to 03-Nov with the theme being: Culture of Integrity for Nation’s Prosperity.

How can you participate? As a responsible and aware citizen, you join in this cause by taking the Integrity Pledge. To take your Pledge, visit https://pledge.cvc.nic.in/.

For more details, refer to the MCX Circular | NCDEX Circular.

With reference to the to the SEBI Circular (SEBI/HO/MRD/TPD-1/P/CIR/2024/132) dated 01-Oct-24, please know that w.e.f. 20-Nov-24, each Exchange can provide derivatives contracts for only one of its benchmark indexes with weekly expiry. 

This means that from the aforementioned date, weekly derivatives contracts will be available only on one benchmark index for each Exchange. 

In light of this, please note the details of the indices that will be continued/discontinued. 

*The last weekly expiry for the discontinued indices is as follows:

Please note that no new weekly index option contracts will be generated after the last expiry dates mentioned above. 

For more details, refer to NSE Circular | BSE Circular.

Offer for Sale of the below company is open in NSE/BSE. To place your OFS request:

• Contact your sub-broker
• In case you don't have a sub-broker, call us at 18001020.

With reference to NSE’s circular, “The entire EPI value of sold securities without reduction of 20% upfront Margin shall be available as Margin for other positions across all the segments.“ 

In view of the above-mentioned clause, we are pleased to inform you that w.e.f 10-Oct-24, you will be getting 100% credit for stock holdings sold by you on the same day. Previously, this benefit was capped at 80%, with 20% of the sell amount reflecting under ‘Blocked Delivery Margin’.

Kindly note that this 100% of the sale value can also be used as a margin for subsequent trades.

Let’s understand this with an example: 

Kindly refer to ‘Trading Balance’ on the Account page or ‘Available Margin’ on the Order page through app or website for the correct available balance.

Please ignore the ‘Funds from Delivery Sell’ and ‘Blocked Delivery Margin’ values appearing in your Trading Balance Breakup on the app or website. We're working to correct this display to reflect the accurate value soon.

[Oct-24] The company offers its shareholders the right to purchase its shares at a discount on a predetermined date known as the record date in a rights entitlement. 

Shareholders are granted Rights Entitlements (RE) by temporarily crediting their Demat accounts with RE, giving them the right to participate in a Rights Issue. Please note that these are Rights Entitlement and not Rights shares. To get the shares, you should apply at their respective Registrar & Transfer Agent (RTA) and convert RE into shares. You should keep in mind that RE is temporary, and until you apply and pay the requisite amount, rights shares won’t be credited to your Demat account.

Here’s the listing for October 2024:

Please note: The value of RE will be zero after the Rights Issue closure date.

RE Trading Period: The Exchange will publish a circular 2 days prior to the issue open date.

How to apply for Rights Issue: The Rights Issue offer is updated with ASBA (Application Supported Blocked Amount). 

• For the online ASBA process, visit the website of an SCSB (Self-certified Syndicate Bank) and apply.
• For the offline ASBA process, submit a physical application to participate in the Rights Issue at a designated SCSB. 

Here's alist of existing SCSBs.

For more details on Rights Issue/Rights Entitlement, please refer toBSE FAQs.

As per NSE’s Circular, due to corporate action (Amalgamation) shares of IDFC Ltd will be suspended from trading w.e.f 10-Oct-2024. Last day of trading IDFC Ltd. will be 09-Oct-2024.

Also, with reference to subsequent NSE’s Circular, the IDFC limited security will be excluded from Equity derivative Segment and all the existing contracts of expiry months October 2024, November 2024 and December 2024 will expire on 09-Oct-2024. 

If you have any existing open positions in these contracts, kindly take the below steps:

• Maintain 100% margin (Full contract value) on or before 09-Oct-2024 to avoid RMS square-off and/or margin shortfall penalty.
• Square-off any existing open positions by 09-Oct-2024 to avoid physical settlement and/or margin shortfall penalty.

We request you to take appropriate action as per your investments.

[Oct-24] Stay ahead of the curve with our monthly Corporate Actions roundup! 

Corporate actions have an impact on your portfolio and thus, staying informed is a key. To help you stay up-to-date, we’ve compiled a list of all the corporate actions happening this month. Whether you are tracking a subdivision that could adjust your shareholdings, a buyback that will boost your stock, or your share of profits in the form of dividends, we’ve got you covered. 

Various types of corporate actions we have covered here are sub-divisions, dividends, bonus issues, buybacks, takeovers, delistings, and name changes. So, dive in, explore the details, and stay ahead in your investment journey. 

Bonus Issue

A bonus Issue is a corporate action in which a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

Subdivision/Stock Split

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

Name Change

Demerger

It is a form of corporate restructuring wherein an entity is segregated into small entities to function individually. 

Amalgamation

A form of corporate restructuring wherein two or more companies merge or unite and work together as one entity. 

Suspension of Trading in Shares

Delisting of Companies

Takeover

A Takeover is a type of corporate action in which one company (the acquirer) acquires or takes control of another (the target). Such a takeover occurs through the merger and acquisition process and can affect the company's structure in various ways.