Announcements

• On account of Guru Nanak Jayanti, markets will be closed on Tuesday, 8th November.

• Trading will resume on Wednesday, 9th November.

• MCX will be closed on Tuesday, 8th November 202 for the morning session.

• The second session - 5:00 PM to 11:55 PM will take place as usual.

• Fund withdrawal requests placed after 8 AM on 7th November will be processed on Wednesday 9th November

Instant withdrawal requests can be placed from 11:00 AM to 4:00 PM on 7th November as per guidelines mentioned here.

As per NSE’s latest guidelines on placing limit orders for Index Options (NIFTY 50, BANK NIFTY and FINNIFTY) the following changes would apply from the next trading session:

• Your limit order for Index Options will be rejected by the Exchange if the entered limit price goes beyond the below specified limit prices:

For LTP Less than or equal to ₹50
Buy orders - Price cannot be greater than ₹20 from the LTP

Sell orders - Price cannot be lower than ₹20 from the LTP

For LTP greater than ₹50

Buy orders - Price cannot be greater than 40% of LTP
Sell orders - Price cannot be lesser than 40% of LTP

• In such an instance, you will see this error message: “17070:The Price is out of the current LPP range” on our app/web platforms
• Changes will come into effect from 31st October 2022

Kindly observe the above changes before placing orders in Index Options to avoid order rejections. You can refer to the  Exchangecircular here: LINK.

As per SEBI, T+1 settlement cycle is now becoming applicable on all equity stocks.

This is being implemented in a phased manner. The first list of stocks applicable for the T+1 settlement cycle went live from 25th February, 2022. The 9th list of stocks applicable for the T+1 settlement cycle will go live from 28th October 2022.

However, to avoid any pay-in shortage due to this change you will not be allowed to sell T1 holdings of the following stocks on 28th October 2022. But you will still be able to see them under ‘T1 holdings’.

All ITM Natural Gas option contracts on 21st October 2022 will be converted into futures contracts. 

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

NMDC Limited (NMDC) declared to the Exchange the issuance and allotment of 1 equity share for every 1 equity shares held by existing shareholders.The record date for the purpose of determining shareholders who will be applicable for this is 21th October 2022.

Due to this corporate action, keep in mind the follow impact on your F&O contracts

1. All existing contracts in the underlying NMDC i.e. contracts with expiry dates 27th October, 24th November and 29th December 2022 shall expire on 25th October 2022 and shall be physically settled as per the mechanism specified in NCL Circular no.67/2018 (Download no. NCL/CMPT/38039) dated 15th June, 2018.)
2. You need to maintain the full value of NMDC positions contract if you wish to take physical settlement of shares.

What is the process for Physical Settlement on Upstox?

To opt for physical settlement on Upstox, you need to provide your consent first and here are the details for the same:

-To provide your consent for physical settlement of open Stock F&O contract(s) with October 2022 expiry visit the ‘Profile’ section on your Upstox account on our App / Web and give your consent from here before EOD on Monday, 24th October 2022.

-Based on your consent, Upstox will evaluate whether your position qualifies for physical settlements and if there is sufficient ledger balances/holdings (whichever applicable) is available.

3. No fresh position will be allowed under the F&O segment  in NMDC from 25th October 2022 
4. NMDC positions with insufficient fund value or stock (in case of short position) will be squared off anytime after 12 PM on 25th October 2022 on a best effort basis.
5.  New contracts in the underlying NMDC (with expiry dates - of 27th October, 24th November and 29th  December 2022) will begin on 27th October

You can also refer to the circular here.