Settlement & Trading holidays for 29-Mar, 01-Apr & 09-Apr
29-Mar is a trading holiday on account of Good Friday. Also, 01-Apr and 09-Apr will be Settlement holidays on account of Annual Bank Closing and Gudi Padwa respectively.
Holiday | Date | Type |
Good Friday | 29-Mar-2024 | Trading holiday |
Annual Bank Closing | 01-Apr-2024 | Settlement holiday |
Gudi Padwa | 09-Apr-2024 | Settlement holiday |
What this means for you:
You can place your Trades as usual. However, the settlement of funds/securities will be processed as detailed in the table below:
Segment | Trade placed on | Date of Settlement |
Equity/Derivatives (F&O) | 28-Mar | 02-Apr |
Equity/Derivatives (F&O) | 01-Apr | 02-Apr |
Equity/Derivatives (F&O) | 08-Apr | 10-Apr |
Equity/Derivatives (F&O) | 09-Apr | 10-Apr |
Note: Stock purchased on 28-Mar-2024 will not be allowed to be sold on 01-Apr-2024 and stock purchased on 08-Apr-2024 will not be allowed to be sold on 09-Apr-2024.
Just so you know: Settlement holidays refer to days when markets 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.
Refer: NSE Circular 1 | NSE Circular 2