Description

BSE announces that specific scrips including INDIGO, TMPV, MAXHEALTH, INDUSINDBK, CANBK, AUBANK, PNB, and UNIONBANK will not be available for T+0 trading on December 22 and 26, 2025.

Summary

BSE has notified trading members that eight specific scrips will not be available for trading in the T+0 (same-day settlement) rolling settlement cycle on two specific dates in December 2025. On December 22, 2025, four scrips (INDIGO, TMPV, MAXHEALTH, INDUSINDBK) will be unavailable, and on December 26, 2025, four banking stocks (CANBK, AUBANK, PNB, UNIONBANK) will be unavailable for T+0 trading.

Key Points

  • Notice Number: 20251124-9 dated November 24, 2025
  • Segment: Equity Trading
  • Applies to T+0 rolling settlement cycle only
  • Regular settlement cycles remain unaffected
  • Four scrips affected on Monday, December 22, 2025
  • Four different scrips affected on Friday, December 26, 2025

Regulatory Changes

No permanent regulatory changes. This is a temporary operational restriction for specific dates.

Compliance Requirements

For Trading Members:

  • Must note the restriction on T+0 trading for specified scrips on mentioned dates
  • Should inform clients who engage in T+0 intraday trading
  • Need to ensure trading systems reflect these restrictions
  • Regular T+1 or T+2 settlement trading continues normally

Important Dates

Monday, December 22, 2025:

  • INDIGO (139448) - InterGlobe Aviation Limited - Not available for T+0
  • TMPV (100570) - Tata Motors Passenger Vehicles Limited - Not available for T+0
  • MAXHEALTH (143220) - Max Healthcare Institute Limited - Not available for T+0
  • INDUSINDBK (132187) - IndusInd Bank Limited - Not available for T+0

Friday, December 26, 2025:

  • CANBK (132483) - Canara Bank - Not available for T+0
  • AUBANK (140611) - AU Small Finance Bank Limited - Not available for T+0
  • PNB (132461) - Punjab National Bank - Not available for T+0
  • UNIONBANK (132477) - Union Bank of India - Not available for T+0

Impact Assessment

Market Impact:

  • Limited impact as only T+0 settlement cycle is affected
  • Intraday traders using same-day settlement will be unable to trade these scrips on specified dates
  • Regular trading in T+1/T+2 settlement cycles continues normally
  • Affects both aviation/auto and banking sector stocks on different dates

Operational Impact:

  • Trading members need to update systems and client communications
  • Investors planning T+0 trades in these scrips must use alternative settlement cycles
  • No impact on long-term investors or those using regular settlement
  • Selective nature suggests operational or technical reasons rather than market-wide concerns

Impact Justification

Temporary restriction on T+0 trading for specific scrips on two specific dates affects intraday traders but does not impact regular settlement cycles