India’s Bluechip Companies on World’s Fastest Settlement Cycle i.e. T+1 Settlement cycle for trade settlement. This will make Indian trade market the second market after China to switch to the so-called T+1 system. Starting Jan. 27, stocks from big bluechip companies like Reliance Industries Ltd., Tata Consultancy Services Ltd., Adani Enterprises Ltd etc. will be settled on a ‘trade-plus-one-day’ timeline versus the earlier two-day process. These three companies cover 80% of the volume on the equity market. Know – What is Good Volume For Day Trading ?
The shift will boost operational efficiency as rolling of funds and stocks will be faster, said Suresh Shukla, joint president at Kotak Securities Ltd. Many of the high volume trading market like US stock exchanges & European markets are following the same.
