Announcements

Bharat Petroleum Corporation Limited(BPCL) conducted a meeting with its Board of Directors on 1st September, 2021. As per this meeting, it has declared, to the Exchange, an Interim Dividend of ₹58 per equity share. The ex-dividend date for the purpose of payment of dividends is 16th September 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 16th September 2021 will be reference rate less aggregate amount of dividend i.e. ₹58
• 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. ₹58 would be deducted from all the cum-dividend strike prices on the.ex-dividend date
• The details of the old and corresponding new options contracts that shall be available for trading from 16th September 2021 would be notified on 15th September  2021.

For all positions taken before 16th September 2021, you may see a slight deviation in the carried forward (c/f) average price of BPCL due to the corporate action mentioned above.

To know more, read the circular here.

Starting from Thursday, 16th September 2021 you can place intraday orders on all stocks listed under the NSE 500 and enjoy:

• Up to 5x* leverage on all equity stocks also listed in the F&O segment

• Up to 2x* leverage on all the other NSE 500 stocks (not listed in the F&O segment)

What’s changed?

In addition to just equity stocks listed under the F&O segment, you can now place intraday orders of all NSE 500 listed stocks. This means you can also place short-sell orders on these stocks as they are now available for intraday trading!

Happy Trading! 

*Please note: Leverages are subject to change without prior notice at Upstox’s discretion. 

Our auto square-off timings, until further notice, are as mentioned below:

🔹All CO orders: 3:10 PM
🔹Intraday EQ orders (except CO): 3:15 PM
🔹Intraday F&O orders (except CO): 3:20 PM

On account of Ganesh Chaturthi, markets will be closed on Friday, 10th September 2021. Trading will resume on Monday, 13th September 2021.

MCX will be closed on Friday, 10th September 2021 for the morning session. The second session (5:00 PM to 11:30 PM) will take place as usual.

Please note: All fund withdrawal requests placed on Friday will be processed on Saturday, 11th September 2021.

It is mandatory to have your PAN linked to your Aadhaar before 20th September 2021, as per Section 139 AA of the Income Tax Act 1961.

Doing this also ensures the smooth functioning of your account.

What happens if you don’t link these two documents?

In case you fail to link your PAN to your Aadhaar card before 20th September 2021, your Upstox account will be marked as inactive. You can also read the full Exchange circular here: https://bit.ly/3yU9v8i

Additionally, while you can file your taxes without linking these two documents, the Income Tax Department does not process returns unless your Aadhaar and PAN are linked.

Ensure your account doesn't turn inactive and avoid other financial inconveniences by linking your PAN to your Aadhaar card today.

To link your PAN to your Aadhaar card, visit www.incometax.gov.in

Here’s are the steps you can follow- https://www.incometax.gov.in/iec/foportal/help/how-to-link-aadhaar

OR 

You can send an SMS to 567678 or 56161 in this format: 

UIDPAN<space><12 digit Aadhaar><space><10 digit PAN>

Stay tuned for more important updates from Upstox!