Settlement holiday: Following back-to-back settlement holidays on Friday and Monday, the Indian stock exchanges’ settlement calendar for the cash market trades for the equity segment shows that any trades made today, September 8, will follow a T+2 settlement and not the usual T+1 settlement.
This means ideally these trades should have been settled on Tuesday, but now they will be settled on Wednesday.
In a release dated September 5, BSE released an updated settlement calendar for all trades in the cash segment. According to it, any trades made on Monday, September 8, will be settled on Wednesday, September 10. If you bought shares, you will receive their delivery on a T+2 basis, and similarly, proceeds from any stocks sold today will be received by investors and trades two days later.
