Latest news with #QSBs
Mint
03-05-2025
- Business
- Mint
Stock market this week: THESE stocks soared while others sank
The Securities and Exchange Board of India (SEBI) has extended the deadline for Qualified Stock Brokers (QSBs) to implement the optional T+0 rolling settlement cycle in Equity Cash Markets from May 1, 2025, to November 1, 2025. This extension follows feedback from QSBs and discussions with market participants to ensure smooth implementation. All other provisions of the December 10, 2024 circular remain unchanged. Market Infrastructure Institutions must update systems, amend regulations as needed, and inform market participants accordingly. This initiative is part of SEBI's broader efforts to enhance market efficiency, reduce settlement timelines, and align operational processes with international standards. The Securities and Exchange Board of India (SEBI) has expanded the automated trading window closure system under the Prohibition of Insider Trading (PIT) Regulations to include immediate relatives of designated persons (DPs) in listed companies. Effective from July 2025 for the top 500 listed companies and from October 2025 for all others, this move aims to enhance compliance and transparency by preventing insider trading during restricted periods. Companies must ensure system-driven monitoring of trading restrictions for both DPs and their immediate relatives. The initiative reflects SEBI's continuous focus on strengthening governance, ensuring accountability, and building investor trust in capital markets. Ather Energy's initial public offering (IPO) was oversubscribed by 1.50 times, indicating strong investor interest and demand exceeding the number of shares offered. This means that for every share available, investors applied for 1.5 shares. The oversubscription reflects positive market sentiment and confidence in Ather Energy's growth prospects, likely driven by its position in the growing electric vehicle sector. Such a response can also lead to a higher listing price or allotment on a pro-rata basis to investors. Analysts attribute this demand to the company's innovative products, expanding distribution network, and increasing demand for sustainable mobility solutions. Several major asset management companies including HDFC, Bajaj, Groww, Motilal Oswal, Edelweiss, DSP, and UTI have introduced new fund offerings. These NFOs span diverse investment categories including debt index, Nifty indices (Next 50 and Nifty 50), gilt funds, infrastructure, internet economy index, silver ETF fund of funds, and multi-cap growth plans. All offerings are direct growth plans, providing investors with a wide range of options across various sectors, asset classes, and investment strategies to diversify their portfolios. Investors can access these offerings through multiple channels, enabling flexibility, transparency, and ease of participation in different market segments. Index Returns Best Performers Worst Performers Bought and Sold Most Watchlisted Kuvera is a free direct mutual fund investing platform. Unless otherwise stated data sourced from BSE, NSE and kuvera. First Published: 3 May 2025, 10:44 AM IST
Time of India
29-04-2025
- Business
- Time of India
Sebi extends deadline for optional T+0 settlement for QSBs to Nov 1
Capital markets regulator Sebi on Tuesday extended the timeline for implementation of the optional T+0 rolling settlement cycle for qualified stock brokers (QSBs) to November 1. Earlier, the deadline for operational readiness as mandated under the December 10, 2024 circular was May 1, 2025. The extension came after Sebi received feedback from QSBs and subsequent consultations with stock exchanges, clearing corporations, depositories and the brokers themselves. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Co-Founder of Google Brain, Andrew Ng, Is Reported To Have Read Every... Blinkist: Andrew Ng's Reading List Undo "In order to ensure smooth implementation, it has been decided to extend the timeline for QSBs for putting in place the necessary systems and processes for enabling seamless participation of investors in optional T+0 settlement cycle, to November 1, 2025," the Securities and Exchange Board of India (Sebi) said in a circular. Sebi's earlier framework said "stock brokers who are designated as QSBs and meet the parameter of minimum number of active clients for qualification as QSB as on December 31, 2024 shall put in place necessary systems and processes for enabling seamless participation of investors in optional T+0 settlement cycle". Further, new QSBs have three months to adopt these systems after any list updates. Live Events While extending the deadline, the regulator clarified that all other provisions of the December 10, 2024 circular will remain unchanged. Sebi has directed market infrastructure institutions (MIIs) to make necessary amendments to relevant rules and byelaws, implement the new provisions, and disseminate the information widely to market participants and investors. In December last year, Sebi expanded the optional T+0 (same day) settlement in the equity cash market to the top 500 scrips by market capitalisation. The Securities and Exchange Board of India (Sebi) introduced an optional T+0 settlement cycle for 25 scrips in March 2024. Initially, it was available only to non-custodian clients.
Mint
22-04-2025
- Business
- Mint
Brokers seek time to prepare for same day settlement
Retail investors' dreams of settling their trades on the same day that transactions occur aren't likely to materialise significantly more than a year after the Securities and Exchange Board of India ( Sebi ) launched the same-day settlement cycle, or T+0. At a meeting last week, close to 10 qualified stock brokers (QSBs) requested that market regulator Sebi extend the 1 May deadline for offering a same-day settlement option to any of their clients desirous of such a cycle. As most top brokers are operationally unprepared for such a cycle, Sebi could extend the deadline for the QSBs to provide their clients with the option of same-day settlement. Currently, very few brokers offer this option to clients as their risk management and order management systems cannot handle the scale for a same-day settlement. Read more: Why India's collective investment tax rules need an overhaul "Most QSBs requested the regulator to stretch the 1 May deadline by three to four months to become operationally fully prepared for offering clients the option for completion of trade on the same day," said a QSB official aware of the meeting. "I think Sebi could grant us more time to get our systems fully geared for same-day settlement," said the head of another QSB. He added that the current settlement cycle of T (trade) plus one—where shares hit a client's demat account and money is credited to the seller's account a day after the trade—was "very popular" among market participants. An email query to Sebi on whether the deadline for QSBs would be extended was not answered till press time. However, a person aware of the development said that Sebi is not mandating "universal adoption," but is still closely monitoring several issues, such as "FPI participation and custodian readiness." To be sure, India became the first country to implement a T+1 settlement cycle for all listed stocks on 27 January 2023. On 28 March 2024, a year later, Sebi introduced the optional T+0 settlement. In the first phase, trades by retail investors between 9:15 am and 1:30 pm are considered for same-day settlement by 4:30 pm, according to ICICI Securities . Gradually, trading hours will be extended to 3:30 pm, in line with the regular market hours from Monday to Friday. In the second phase, institutional investors will also have the option to trade under the T+0 cycle. While initially applicable to just 25 scrips, Sebi announced on 10 December 2024 that the optional T+0 settlement would be extended to the top 500 stocks from 31 January 2025, starting with scrips at bottom 100 companies and gradually include the next bottom 100 companies every month till the top 500 companies are available for trading in optional T+0 settlement cycle. Currently, investors can trade in over 5,600 listed stocks. Read more: Sebi plans raising MF exposure limit in REITs, InvITs; experts flag tax concerns The regulator also clarified that entities meeting the QSB criteria—based on minimum active clients and other parameters—must put in place necessary systems and processes to enable seamless investor participation in the optional T+0 cycle. Additionally, Sebi directed stock exchanges to implement a new 'Block Deal window" exclusively for the morning session from 8:45 am to 9:00 am, in addition to the existing windows from 8:45–9:00 am and 2:05–2:20 pm for T+1 settlements. 'The trades in the optional T+0 block window session will be settled on the T+0 settlement cycle," Sebi clarified. The QSB and block deal parameters are to come into effect from 1 May 2025. QSBs are brokers who hold a significant position in Indian stock markets based on their size, trading volumes and amount of client funds handled by them. QSBs include brokers like Groww, Zerodha, Upstox, Angel One , ICICI Securities , HDFC Securities, Kotak Securities, Motilal Oswal Financial Services , etc. The fact of lacklustre same day settlement trading is borne by just one share of SBI being traded on BSE on Monday against 6.98 lakh being traded under the T +1 settlement cycle. On BPCL it was just 2 under T+0 zero versus 4.5 lakh under prevalent settlement and in Tata Communications just 2 shares against 32,000, per BSE data. As of FY25, there were 397 brokers handling 4.92 crore active clients of NSE, the country's largest stock exchange. The benefits of same-day settlement include increased trading opportunities and reduced settlement risk for investors. Rolling settlement was introduced on a T+3 basis in 1993, followed by a T+2 settlement cycle in 2003. Sebi implemented the existing T+1 settlement in January 2023. Currently, buying in one settlement cycle and selling in the other is not possible.
