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May 22, 2024
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.
