[03-Jun-24] Quantity Freeze Limits for Indices
As per a recent NSE Circular, the Quantity Freeze Limit for different indices has been revised w.e.f 03-Jun-24.
Below are the Quantity Freeze Limits and Maximum Lots per Order applicable for the mentioned indices:
No. |
Indices |
Quantity Freeze Limit (Maximum units you can buy or sell per order) |
Maximum lots per Order (Quantity Freeze Limit/Lot Size*) |
1. |
BANKNIFTY |
900 |
36 |
2. |
NIFTY |
1800 |
36 |
3. |
FINNIFTY |
1800 |
45 |
4. |
MIDCPNIFTY |
4200 |
56 |
5. |
NIFTYNXT50 |
600 |
- |
*Lot Size refers to Units per Lot. This is defined by the Exchange and is currently as follows: BANKNIFTY= 25; NIFTY=50; FINNIFTY=40; MIDCPNIFTY=75 |
Refer: NSE Circular
Change in margins due to Lok Sabha Elections 2024 results
Owing to the Lok Sabha Election 2024 results, there may be market volatility depending on the outcome of the results. Therefore on 03-Jun-2024 & 04-Jun-2024, there will be some changes in margins for Intraday Product and MTF Product.
Scrip Category | Intraday | MTF |
Bluechip | 30% | 30% or MTF VaR whichever is higher |
Good | 40% | 40% or MTF VaR whichever is higher |
Average | 50% | 50% or MTF VaR whichever is higher |
Poor | 100% | 100% or MTF VaR whichever is higher |
You are requested to keep adequate funds in your account and monitor trades to avoid adverse market conditions.
Please take note of this and trade accordingly.
Offer for Sale (OFS) - DIAMOND POWER INFRASTRUCTURE LIMITED
Offer for Sale of below company is open in BSE/NSE. To place your OFS request:
- Contact your sub-broker
- In case you don't have a sub-broker, call us at 18001020.
Scrip Name |
Category |
Time Window |
Floor Price |
Clearing Price |
Non-Retail |
28-May, 10:00 am - 02:30 pm |
Rs. 855 |
NA |
Settlement Holiday on 23-May-2024
23-May-24 is a Settlement Holiday due to Buddha Pournima. The Currency Segment will be closed on this day for trading. However, other segments are open for Trading.
What this means for you:
You can place your Trades as usual, except the stock purchased on 22-May-24 will not be allowed to be sold on 23-May-24. The settlement of funds/securities will be processed as detailed in the table below:
Segment |
Trade placed on |
Date of Settlement |
Equity |
22-May |
24-May |
Derivatives (F&O) |
22-May |
24-May |
Note: Stock purchased on 22-May-24 will not be allowed to be sold on 23-May-24. This change is only for double payin/payout of stock due to the settlement holiday on 23-May, and is not a regular change.
Your credit balance for 23-May will not include the following:
Segment |
Account Balance Exclusions |
Equity |
Intraday Profits made on 22-May |
Derivatives (Equity F&O, Currency & Commodity) |
Credits Made From Trades Done On 22-May |
Just so you know: Settlement holidays refer to days when markets (except the Currency segment) are open for trading but when Depositories and/or Banks are closed. Due to this, all trades done during that day will be settled on the next settlement cycle, as per the respective segments.
Clearing and settlement timings for the special live trading session on 18-May-2024
This is to inform you that the Exchanges will hold a special live trading session with a switch-over from the Primary Site (PR) to the Disaster Recovery Site (DR) on Saturday 18-May-2024 following a SEBI Circular published in 2019.
You are requested to note that the Exchanges shall shift their operation from the Primary Site (PR) to the Disaster Recovery site (DR) on the timings given as per NSE and BSE in their circulars. This exercise is being conducted based on specific discussions with SEBI and their Technical Advisory Committee to assess the preparedness of Market Infrastructure Institutions (MIIs) to handle any unforeseen event impacting their operations and to restore operations from the DR Site.
The market timings in the Equity & F&O segmentswith an intra-day switchover from the Primary site to the Disaster Recovery site are as follows:
Trading Sessions (May 18, 2024) |
Start Time |
End Time |
Live trading session-1 |
9:15 AM |
10 AM |
Live trading session-2 |
11:30 AM |
12:30 PM |
Please note:
The trading will be closed from 10 AM to 11:15 AM
Pre-Open for the first session is from 9:00 AM to 9:08 AM
Pre-Open for the second session is from 11:15 AM to 11:23 AM and the closing session will be from 12:40 PM to 12:50 PM
Please note the following w.r.t Angel One:
For Trading, please note
- All AMO orders on Friday will be processed on Saturday's first hour, instead of Tuesday May 21,2024 considering Monday May 20, 2024 being a trading holiday on account of General Election 2024.
- Currency and Commodity (MCX) markets will stay closed.
- From 9:00 AM to 10:00 AM, there will be normal trading. There will be no activity between 10 AM and 11:15 AM
- Users will be unable to place any orders during this time. Any orders placed in session-1 will be responded to with an error message.
- Any open orders from session-1 will be canceled before session-2.
- During the transition process of moving from the primary to the DR site, there is a chance that executed trades will be canceled. If this occurs, the positions you closed in the first session will reopen, and you will have to close the position once more in the second session. (Refer: NSE Circular)
- 11:15 AM to 12:30 PM trading will resume as per normal markets again (pre-market + market) but from the DR site.
- Intraday orders will not be allowed for the day.
- BTST will not be allowed, which means stock purchases on Friday, May 17, 2024 will not be allowed to be sold on the special trading session on Saturday, May 18, 2024.
- GTT orders will not be triggered.
- Orders of Stock SIP will not be executed.
For Payouts & Settlements, please note
- All orders placed on Friday, 17th May 2024 in the Equity and Derivative segment will be settled on Tuesday, 21st May 2024.
- The funds from shares sold on Friday, 17th May 2024 will be available for withdrawal on Tuesday, 21st May 2024.
- F & O credits and intra-day profit from the equity segment from 17th May 2024 will not be included in the available margin on 18th May 2024.
- No Fund payout will be processed on 18th, 19th and 20th of May 2024.
- All Funds withdrawal requests placed from Friday, 17th May 2024 the evening till Tuesday, 21st May 2024 by 7 AM will be processed and credited on Tuesday, 21st May 2024 by 11 AM.
- MTF settlement will be accepted till 8 PM.
For Risk related information, please note
- Margin shortage square-off will be done as normal
- 80% MTM square off will be also as normal
- There will be NO Projected risk, MTF shortage, Ageing, and CUSA square-off for 18th May 2024
Please note the order status might show the wrong status for exchange canceled trades.
The special live trading session with the intra-day switchover from the Primary site to the Disaster Recovery site protects the exchange's operations from unforeseen circumstances that might interfere with regular trading operations.
You can reach us at our support lines from 8.30 AM to 5.30 PM on our toll-free number 1800 1020 or by email at support@angelone.in
Important Information Regarding Your Trading Account
In compliance with recent circulars issued by SEBI and Exchanges, we wish to apprise you of the Most Important Terms and Conditions (MITC). Please acquaint yourself with these essential terms and conditions, designed to safeguard your interests as an investor.
You can refer to the circulars below for further details - BSE | NSE | MCX | NCDEX | SEBI
For any queries, please visit our support page.
Sub-division of equity shares of BHAGIRADHA CHEMICALS & INDUSTRIES LTD.
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.
As per a recent BSE circular, 1 equity share of BHAGIRADHA CHEMICALS & INDUSTRIES LTD. (Scrip Code: 531719) will be sub-divided into 10 equity shares. The key dates for the same are as follows:
Company Name | Symbol | Sub-division Ratio | Record Date | Ex-split Date |
BHAGIRADHA CHEMICALS & INDUSTRIES LTD. | BHAGCHEM | 1:10 | 02-May | 02-May |
Refer: BSE Circular
Bonus Issue of Nidhi Granites Ltd.
Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.
As per the recent BSE circular, Nidhi Granites Ltd. (Scrip Code: 512103) is issuing 1 bonus shares for every 1 existing share. The key dates for the bonus Issue are as follows:
Company Name | Symbol | Record date | Ex-Bonus basis from Date |
NIDHI GRANITES LIMITED | NIDHGRN | 02-May | 02-May |
Refer: BSE Circular
Introduction of Futures and Options Contracts on Nifty Next 50 Index
As per a recent circular, w.e.f. 24-Apr-2024 Futures and Options contracts on the Nifty Next 50 Index shall be made available for trading in the Future & Options segment. The settlement procedure and details shall be intimated separately by the respective clearing corporations.
The relevant information about the monthly futures and options contracts is as follows:
Particulars | Futures | Options |
Symbol | NIFTYNXT50 | NIFTYNXT50 |
Instrument | FUTIDX | OPTIDX |
Tick Size (Price Steps) | Re 0.05 | Re 0.05 |
Contract Size (Lot Size) | 10 | 10 |
Trading Cycle | 3 serial monthly contracts | 3 serial monthly contracts |
Expiry Day | Last ‘Friday’ of the expiry month for the monthly. If the last ‘Friday’ is a trading holiday, then the expiry day is the previous trading day | Last ‘Friday’ of the expiry month for the monthly. If the last ‘Friday’ is a trading holiday, then the expiry day is the previous trading day |
Strike Scheme | - | Strike Interval of 100 with strikes 40 1 40 and Strike Interval of 500 with strikes 20 1 20 (Including 500 strikes due to strike interval of 100) |
Option Type | - | Call European (CE) and Put European (PE) |
Settlement | Cash Settled | Cash Settled |
Daily Settlement Price | Closing price of the futures contract. If illiquid, then the theoretical price will be considered | - |
Final Settlement Price | Index closing value on the last trading day | Index closing value on the last trading day |
Price Band | An operating range of 10% of the base price | A contract specific price range based on its delta value is computed and updated daily |
Quantity Freeze | 600 | 600 |
Spread Contracts | M1-M2; M1-M3; M2-M3 | - |
Please note on 24-Apr-2024, the following expiry cycle will be available:
Expiry Cycle | Expiry Day |
May-2024 | May 31, 2024 |
June-2024 | June 28, 2024 |
July-2024 | July 26, 2024 |
Further note that all the existing clearing and settlement procedures along with the extant risk management measures adopted for futures and options contracts such as initial margins, minimum margins, position limits, etc., including the right of Clearing Corporation to close out positions shall apply mutatis mutandis to these contracts also.
Refer: NSE Circular | NSE Circular
W.e.f 23-Apr: New Identity for L&T Finance Holdings Ltd.
As per a recent circular, the name and symbol of L&T Finance Holdings Ltd. (Scrip code: 533519) will be changed as follows w.e.f 23-Apr-24.
Existing Symbol | New Symbol | Existing Name of the Company | New Name of the Company |
L&TFH | LTF | L&T Finance Holdings Ltd. | L&T Finance Ltd. |
Refer: BSE Circular