Announcements

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.

Muhurat Trading is a special 1-hour trading session held every year only on Diwali to mark the beginning of a New Samvat Year. Investors consider Muhurat Trading as auspicious and believe it will bring wealth and prosperity throughout the coming year

This year Muhurat Trading will take place on Monday, 24th October 2022 and the timings will be:

On account of the Diwali holiday on 24th October and 26th October, keep the following impact in mind -

ON SQUARE-OFF TIMINGS

All intraday positions (including cover and bracket orders) will be squared off 15 minutes before markets close at 7:00 PM

ON SETTLEMENT

• If you buy stocks on Friday, 21st October you can’t sell them on Monday, 24th October 2022 during Muhurat trading hours. The settlement for these will happen on Thursday, 27th October 2022.
  
• Credits from F&O trades such as premium from options sold, marked-to-market profit, intraday profits, etc from 21st October, intraday equity profits and other unsettled credits of equity trades from 20th and 21st October will not be available for trading or withdrawal purposes during the Muhurat trading session. You may check these in your Upstox ledger 

ON FUND TRANSFERS

• For smooth and seamless trading on Muhurat Trading day, kindly add funds before 24th October 2022
  
• Our call & trade facility will be available at  022-61309998 / 022-71309998 from 6:00 PM to 7:15 PM
• Fund withdrawals will not be processed on 24th and 26th October as they’re holidays
  
• If you wish to receive funds on or before 21st October, place a withdrawal request by 8:00 AM on 21st October 2022.
  
• You can place Instant Withdrawal requests between 11 AM to 4 PM on 21st and 25th October 2022, keeping in mind the guidelines mentioned here- What is instant withdrawal - Upstox Help Center
  

To know more read the Exchange circulars here:
Equity, F&O, Currency, Commodity

On account of US daylight saving timings, the trading hours for all commodities have been revised as follows:

All MCX intraday positions will be squared off at 11.25 P.M.

You can refer to the exchange circular here:

Revision in Trading Hours