Announcements

As per a recent update, all RIL partly paid-up equity shareholders as on record date 10th Nov’21 need to pay the second & final call of ₹628.50 per partly paid-up equity share between 15th Nov’21 to 29th Nov’21 (both days included).

If they do not wish to pay this amount then they can sell their partly paid-up equity shares by 8th Nov’21 as the shares will be delisted after this date.

How to make the payment of ₹628.50 per partly paid-up equity share?
You can make the payment online or offline after the window to pay the second and final call opens on 15th Nov’21. We will update you on the process once the window opens.

What happens in case of a delayed or non-payment of ₹628.50 per partly paid-up equity share?
As RIL partly paid-up equity shares will delist after 8th Nov’21 if you delay your payment or do not pay ₹628.50 per partly paid-up equity share, your rights to existing partly paid-up equity shares including the amount already paid will be forfeited.

What are partly paid-up equity shares?

These are shares in a company which have only been partially paid for and as the company requires more funds, calls are made from time to time from the holder of such partly paid-up shares until the shares are fully paid-up. Once fully paid-up no further call would be made towards such shares.

For more information, you can refer to the company circular here: https://www.bseindia.com/xml-data/corpfiling/AttachHis/135a796c-4ef0-4851-a3f3-b552eeb4b101.pdf 

Stay tuned for more updates from Upstox! 

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

All MCX Intraday position square off timings will be 11:25 PM. 

These revised timings will come into effect from 8th November 2021. 

To know more, please refer to the MCX circular: https://www.mcxindia.com/docs/default-source/circulars/english/2021/october/circular-646-2021.pdf?sfvrsn=57302391_0 

Also note that on account of Diwali,

1. MCX will be closed on Friday, 5th November 2021 for the morning session. 

2. The second session (5:00 PM to 11:30 PM) will take place as usual.

3. Credit bill of MCX segment on 3rd and 4th November will not be available for trading on 5th November 2021

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, we are giving a 100% cashback on all brokerage* charged on Muhurat Trading day on Thursday, 4th Nov’21.

The Muhurat Trading day timings will be:

*Note: You will be charged brokerage on 4th Nov’21, however this will be reversed/ credited back to your trading ledger within 3 working days.


On account of the Diwali holiday on 4th and 5th Nov’21, keep the following in mind:

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

2. Any equity securities purchased on Wednesday, 3rd Nov’21, cannot be sold on Thursday, 4th Nov’21 (during muhurat trading hours) as the settlement for both these days will take place on Tuesday, 9th Nov’21.

3. All trades placed on 3rd november in the Derivative segment will be settled on Monday, 8th Nov’21.

4. Fund withdrawals will not be processed on 4th and 5th Nov’21. If you wish to receive your funds before or on 3rd Nov’21, request you to place a withdrawal request by 8:00 AM on Wednesday, 3rd Nov’21. Any requests placed after this will be processed on Saturday, 6th Nov’21.

To know more read the NSE circulars here:
Equity, F&O, Currency Derivatives, MCX

Note: The MTM profit bill for Equity segments of Tuesday, 2nd Nov’21 will also not be available for trading or withdrawal purposes till Monday, 8th Nov’21.

Indian Railways Catering and Tourism Corporation (IRCTC) conducted a meeting with its Board of Directors on 29th September, 2021. As per this meeting, it has declared to the Exchange that a stock split in the ratio of 5:1 i.e. for every 1 share you hold of IRCTC you’ll now hold 5 shares in your Demat account.

The record date for the purpose of determining shareholders who will be applicable for this is 29th October 2021.

What is a stock split?
It’s a corporate action where a company divides its existing shares into multiple new shares in order to increase the stock's liquidity. In other words, get more people to invest in the company at its true value.

How does this corporate action impact Futures & Options Contracts?

Impact on Futures Contract: 

• The adjusted futures price shall be arrived at by dividing the old futures price by the adjustment factor. 
• The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1625

Impact on Options Contract: 

• The adjusted strike price shall be arrived at by dividing the old strike price by the adjustment factor.
• The adjusted market lot shall be arrived at by multiplying the old market lot by the adjustment factor. The revised market lot would be 1625

The adjustment factor for the stock split of IRCTC is (5/1) = 5, since the split ratio is 5:1.

Read more on this here.

For all positions taken before 28th October 2021, you may see a slight deviation in the carried forward (c/f) average price of IRCTC due to the corporate action mentioned above.