Good news for investors! T+0 trade settlement will be done in 25 shares from tomorrow, BSE released the list of names of these companies

T+0 Settlement: Bombay Stock Exchange (BSE) has selected 25 stocks eligible for T+0 settlement from Thursday i.e. tomorrow. The move comes after capital markets regulator Securities and Exchange Board of India (SEBI) earlier this month introduced the framework for the beta version of the T+0 trade settlement cycle on an optional basis.

Shares eligible for the T+0 settlement cycle include Ambuja Cement, Ashok Leyland, Bajaj Auto, Bank of Baroda and BPCL.

Initially this option will be available for a specific set of 25 stocks and a limited number of brokers. The objective of this initiative is to provide an additional settlement cycle option to the existing T+1 in the equity cash market.

India's transition from T+2 to T+1 was completed in March 2023 in three phases. Shorter settlement cycles require changes to the basic structure of trading operations for brokers. This requires some degree of approval for foreign institutional investors. Now the market trend is moving towards a same day settlement cycle within a year of the change in T+1.

The list of shares eligible for this T+0 settlement cycle is given below.

1. Ambuj Cement Limited
2. Ashok Leyland Limited
3. Bajaj Auto Limited
4. Bank of Baroda
5. Bharat Petroleum Corporation Limited
6. Birlasoft Limited
7. Cipla Limited
8. Coforge Limited
9. Davis Labs Ltd
10. Hindalco Industries Limited
11. Indian Hotels Company Limited
12. JSW Steel Limited
13. LIC Housing Finance Limited
14. LTI Mindtree Limited
15. MRF Limited
16. Nestle India Limited
17. NMDC Limited
18. Oil and Natural Gas Corporation
19. Petronet LNG Limited
20. Samvardhan Motherson International Limited
21. state Bank of India
22. Tata Communication Limited
23. Trend Limited
24. Union Bank of India
25. Vedanta Limited