The Indian stock markets, including the BSE and NSE, will operate as usual on February 19, but clearing and settlement of stocks and funds will remain closed due to Chhatrapati Shivaji Maharaj Jayanti on February 19.
Trading in equities, derivatives, and securities lending and borrowing (SLB) will continue as usual. However, settlement processes, including pay-in and pay-out of stocks and funds, will remain closed.
Non-business day for debt and liquid funds
BSE has declared February 19 as a non-business day for debt and liquid mutual funds. Orders placed in debt and liquid mutual fund schemes on this day will be processed and reported to registrars on February 20.
“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,” sad in the circular.
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For investors trading on February 18 and 19, here is what they need to keep in mind:
Buying shares: Stocks purchased on these days will reflect in demat accounts on February 20.
Selling shares: Funds from stock sales will be credited on February 20.
Intraday profits: Any intraday profits made on February 18 will not be included in the account balance on February 19.
BTST (Buy Today, Sell Tomorrow) restrictions: Investors cannot sell shares bought on February 18, as settlement will only take place on February 20.
Why is February 19 a settlement holiday?
Settlement holidays occur when trading is open, but the clearance of stocks and funds is paused because either banks or depositories (NSDL and CDSL) remain closed. Since banks in Maharashtra will observe a holiday for Chhatrapati Shivaji Maharaj Jayanti, settlement activities will resume the next working day.
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