Announcements

23 May 2024 is a settlement holiday on account of Buddha Purnima. Markets will be OPEN for trading and investing.

Keep in mind:

• - Stocks bought on 22 May 2024 will not be available for selling on 23 May 2024, but will be visible in your holdings
• - The credit bill for all segments on 22 May 2024 will not be available for trading or withdrawal on 23 May 2024
• - Any fund withdrawal requests placed after 8 AM on 22 May will be processed on 24 May
• - Withdrawal will not be available on 23 May 2024
• - Currency segment will be closed for trading on this day

Read more:

What’s a settlement holiday?
Settlement holidays are when markets are open but settlement of your trades do not take place as per the usual T+1 cycle because either the depositaries (NSDL and CDSL) are closed or banks are closed on that day.

How does this holiday impact your trades?
Since the settlement date denotes the final transfer of ownership of shares and not the day you made the trade, a holiday in between causes a delay in the final transfer of shares.

You can also check a list of future settlement holidays here.

If you have any queries, you can raise a ticket on the Upstox Pro Mobile or Desktop app.

Happy Trading,
Team Upstox.

On account of Parliamentary Elections, Monday, 20 May 2024 is a trading holiday.

Keep in mind:

🔸 Equity and Derivative markets will be closed on 20 May
🔸 Commodity markets will be open from 5 PM - 11:30 PM on 20 May
🔸 Trading will resume on 21 May
🔸 Standard Fund Withdrawal requests placed after 8 AM on 17 May will be processed on 21 May
🔸 Instant Fund Withdrawal facility will not be available on 20 May

On Saturday, 18 May 2024, NSE & BSE will host a special LIVE trading session in the Equity and Derivative (F&O) segments.

Why is this session happening?

This session is happening because SEBI wants to ensure that market intermediaries such as Exchanges, Clearing Houses, and Depository Organisations can smoothly switch to a backup plan - the Disaster Recovery (DR) site in case of an unexpected disaster. It aims to ensure that trading activities continue without interruptions and that all data remains secure.

*Pre-open for Session 1 - 9:00 AM to 9:08 AM

*Pre-open for Session 2 - 11:15 AM to 11:23 AM

Closing Session - 12:40 PM to 12:50 PM

Keep in mind:

• - Any open orders not executed by the end of the first session will be cancelled and won’t be carried forward to the next session

Circuit Limits

• - All Securities including F&O Stocks will have circuit limits set at 5%
• - Stocks currently having a 2% limit will maintain that limit
• - All Futures contracts will operate within a 5% range
• - Price bands of 5% will be applicable on all close-ended Mutual Funds

Trading Restrictions

• - Only Delivery trades will be allowed; no Intraday Trading
• - No new positions positions can be taken via Margin Trading Facility (MTF), you can only square-off existing trades
• - Margin pledge (pledging and unpledging) will be unavailable

Settlement of Funds and Trades

Due to 18 May being a settlement holiday and 20 May being a trading holiday:

• - Credits from the F&O segment, intraday profits, and proceeds from sell transactions on 17 May will not be available for trading; they will be settled on 21 May 2024
• - Stocks bought on 17 May 2024 will not be available for selling on 18 May 2024, but will be visible in your holdings
• - SIP (Systematic Investment Plan) orders on Upstox scheduled for 18 May will be postponed and processed on the next trading day, 21 May
• - Standard Fund Withdrawal requests placed after 8 AM on 17 May will be processed on 21 May
  Charges
• - Brokerage charges will be applicable as usual during this special session.

For more information, check out the circulars here (NSE , BSE)

As per the Exchange, during this switch, there could be a possibility of executed trades getting cancelled by the Exchange. Details of such cancelled trades will be notified to you by EOD.

On Account of Maharashtra Day, Wednesday, 1 May 2024 is a Trading Holiday.

Keep the following in mind:

🔸 Equity and Derivative markets will be closed on 1 May
🔸 Commodities market will be open only from 5 PM - 11:30 PM/11: 50 PM on 1 May
🔸 Trading will resume on 2 May
🔸 Standard Fund Withdrawal requests placed after 8 AM on 30 Apr will be processed on 2 May
🔸 Instant Fund Withdrawal facility will not be available on 1 May

All ITM Natural Gas Option contracts on 23st April 2024 will be converted into Futures contracts.

To avoid square-off, ensure that you maintain sufficient margin for the Future contracts before 10.00 PM today.