Announcements

On account of Christmas, 25th December 2021 is a bank holiday. Hence any withdrawal requests placed after 8:00 AM on Friday, 24th December 2021 will be processed on Monday, 27th December 2021. To know more about our withdrawal request timings, click here: https://help.upstox.com/support/solutions/articles/248578-how-much-time-does-it-take-to-process-my-withdrawal-request-

We are conducting a scheduled upgrade & maintenance activity on 18th December 2021 from 9.30 AM to 12.00 PM to ensure that you can enjoy a seamless trading and investing experience on Upstox. During this time you may not be able to login to the Upstox mobile app & desktop platform. Thank you for your patience.

All stocks under the F&O segment and also stocks from the ‘EQ’ series of NIFTY500 are applicable for availing intraday leverage. Starting from today, 16th Dec’21 this intraday leverage for these stocks will be:

1. 1. 1X for stocks with circuit limits less than 20%. (i.e. 100% funds required in your a/c)
      

• Intraday leverage on stocks not falling under the above mentioned category, will be as follows:
  

1. 5X if exchange margin <= 20% (i.e. 20% funds required in your a/c)
2. 3X if exchange margin > 20% and <= 30% (i.e. 33% funds required in your a/c)
3. 2X if exchange Margin > 30% and <= 50% (i.e. 50% funds required to be in your a/c)
4. 1X if exchange Margin > 50% (i.e. 100% funds required in your a/c)

Note: Exchange Margin = VaR Margin + ELM Margin + Adhoc Margin

Some examples of stocks as per the above conditions will be 

1. IRB has a circuit limit of 5%, thus applicable leverage will be 1x only as per condition 1. 
2. RELIANCE has exchange margins of 15.75% and thus applicable leverage will be 5x as per condition 2. A. 
3. IDBI has exchange margins of 25% and thus applicable leverage will be 3x as per condition 2. B. 
4. ZEEL has exchange margins of 45% and SWSOLAR has exchange margins of 35%. Hence the applicable leverage for these will be 2x as per condition 2. C
5. TATAELXSI is security having a circuit limit of 20%, but Exchange Margin is 100%, thus applicable leverage will be 1x as per condition

National Mineral Development Corporation (NMDC) conducted a meeting with its Board of Directors on 3rd December, 2021. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹9.01 per equity share. The ex-dividend date for the purpose of payment of dividends is 14th December 2021.

What are dividends?
A dividend is a part of the company's profits given to its shareholders to reward them for their investment in the company. 

How does this corporate action impact Futures & Options Contracts?

Impact on Futures Contract: 

• Base price of the Futures contracts on 14th December 2021 will be reference rate less aggregate amount of dividend i.e. ₹9.01
• The reference rate to be reckoned for this purpose shall be the daily mark to
  market settlement price of the relevant futures contract

Impact on Options Contract: 

The full value of dividend i.e. ₹9.01 would be deducted from all the cum-dividend strike prices on the.ex-dividend date

For all positions taken before 14th December 2021, you may see a slight deviation in the carried forward (c/f) average price of NMDC due to the corporate action mentioned above.

To know more, read the circular here.

Coal India Limited conducted a meeting with its Board of Directors on 29th November, 2021. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹9 per equity share. The ex-dividend date for the purpose of payment of dividends is 6th December 2021.

What are dividends?
A dividend is a part of the company's profits given to its shareholders to reward them for their investment in the company. 

How does this corporate action impact Futures & Options Contracts?

Impact on Futures Contract: 

• Base price of the Futures contracts on 6th December 2021 will be reference rate less aggregate amount of dividend i.e. ₹9
• The reference rate to be reckoned for this purpose shall be the daily mark to
  market settlement price of the relevant futures contract

Impact on Options Contract: 

The full value of dividend i.e. ₹9 would be deducted from all the cum-dividend strike prices on the.ex-dividend date

For all positions taken before 6th December 2021, you may see a slight deviation in the carried forward (c/f) average price of COALINDIA  due to the corporate action mentioned above.

To know more, read the circular here.