Shiv Jayanti holiday: Stock market open, but no settlements on Feb 19 – What investors need to know

All transactions in both cash and future and options (F&O) on February 18 and February 19 will be settled and reflected in demat accounts on February 20 as Wednesday is a settlement holiday for the occasion of Chhatrapati Shivaji Maharaj Jayanti or Shiv Jayanti. February 19 is a bank holiday in Maharashtra, although stock markets will be functional for trading.

What does it mean for investors trading in cash or F&O segment on Feb 18-19?

• If you buy shares, they will be credited into your demat account on February 20.
• If you sell shares, the funds will be credited into your account`on February 20.

On a settlement holiday when banks are closed in Maharashtra, the settlement of stocks and funds is closed but trading goes on like usual. Settlement holidays are when markets are open but settlement is closed as either depositaries (NSDL and CDSL) are closed or banks are closed on that day. All intraday profits made in the equity segment on February 18 will not be included in the investors’ account balance on February 19.

On February 19, investors will not be able to sell shares bought on February 18.

Non-business day for debt and liquid funds

BSE in a circular said that February 19 will be a non-business day for debt and liquid funds on account of Shiv Jayanti.

"The subscription orders in all the Debt, Liquid Mutual Fund schemes and L1 and L0 category of schemes shall be accepted on February 19, 2025, and will be reported to the respective Registrars on the next business day. The orders shall be available in the Provisional Order Report with the Order date as February 19, 2025. Also, in the Order Status Report, the order date shall be available as order date as February 20, 2025," the circular said.

About Chhatrapati Shivaji Maharaj Jayanti

Chhatrapati Shivaji Maharaj Jayanti is the birth anniversary of Chhatrapati Shivaji Maharaj, who founded the Maratha Empire in the 17th century. There is a public holiday in the state every year on February 19 on this occasion.