Dear All,
Stock Markets will be closed for trading on Friday, 29th March 2024 (Good Friday) and will open for trading on Monday, 1 April 2024 except Currency Segment.
Note that Currency Segment on both exchanges (NSE & BSE) will be closed for trading on 1st April 2024 due to Bank Holiday and Settlement Holiday on account of Annual Bank Closing. As a result, Securities and Funds for trades dated 28 March 2024 will be directly settled on Tuesday 2nd April 2024.
We request you to note following impact:
- Banks will remain closed from 29th March 2024 to 1st April 2024.
- Stocks purchased under the “Investing” tab on Thursday, 28 March 2024 will be visible in your portfolio but, 80% CFS benefit (Early Pay-In benefit ) will NOT be available when sold on Monday, 1 April 2024, which is generally provided as a trading limit on any normal day.
- Stocks purchased under the “MTF” tab on Thursday, 28 March 2024, will NOT be allowed to sell and will not be reflected in your portfolio holdings / demat account on Monday, 1 April 2024. They will be shown in your portfolio account only on Tuesday, 2 April 2024.
- No trading limits will be available on Monday, 1 April 2024 against MTM profit on Equity & Derivatives positions, Option premium credit for trades dated Thursday, 28 March 2024.
- Fund withdrawal requests will not be blocked after 5:00 PM on Thursday, 28 March 2024 till 8 AM on Monday, 1 April 2024 and the requests received after will be processed on Tuesday, 2 April 2024 after 10:00 AM.
Hope this clarifies on the settlement cycle for this weekend and annual closing of the Financial Year.
Enjoy the long weekend and see you back on the first day of the Financial Year 2024-25 - on 1st April 2024.
Thank you
– Shrimohan