Description
NSE notifies that 8 securities will not be available for T+0 trading on December 22 and December 26, 2025 due to trading parameters.
Summary
NSE has announced that 8 securities will not be available for trading in the T+0 rolling settlement cycle on December 22, 2025 and December 26, 2025. This circular references the T+0 rolling settlement framework established in Exchange circular NSE/CMTR/67774 dated April 30, 2025. The affected securities include major banking and financial stocks.
Key Points
- 8 securities temporarily unavailable for T+0 trading on specified dates
- INDIGO not available on December 22, 2025
- 7 securities (INDUSINDBK, MAXHEALTH, TMPV, AUBANK, CANBK, PNB, UNIONBANK) not available on December 26, 2025
- Restriction applies only to T+0 settlement cycle trading
- Members notified to note trading parameters
Securities Affected
December 22, 2025:
- INDIGO (InterGlobe Aviation Limited)
December 26, 2025:
- INDUSINDBK (IndusInd Bank Limited)
- MAXHEALTH (Max Healthcare Institute Limited)
- TMPV (Tata Motors Passenger Vehicles Limited)
- AUBANK (AU Small Finance Bank Limited)
- CANBK (Canara Bank)
- PNB (Punjab National Bank)
- UNIONBANK (Union Bank of India)
Regulatory Changes
No new regulatory changes introduced. This circular is an operational notification under the existing T+0 rolling settlement framework established in April 2025.
Compliance Requirements
- Trading members must note the unavailability of these securities for T+0 trading on specified dates
- Members should adjust their trading systems and inform clients accordingly
- Regular T+1 settlement trading remains unaffected for these securities
Important Dates
- November 24, 2025: Circular issued
- December 22, 2025: INDIGO not available for T+0 trading
- December 26, 2025: 7 securities not available for T+0 trading
Impact Assessment
Trading Impact: Moderate impact on intraday traders who utilize T+0 settlement for these specific securities. The restriction is limited to two dates and affects 8 securities.
Market Segments: Banking sector stocks (INDUSINDBK, AUBANK, CANBK, PNB, UNIONBANK) are prominently represented, along with aviation (INDIGO), healthcare (MAXHEALTH), and automotive (TMPV) sectors.
Operational Impact: Trading members need to ensure their systems reflect these restrictions and communicate to clients who actively trade these securities on an intraday basis with T+0 settlement.
Mitigation: Traders can still trade these securities under the regular T+1 settlement cycle on these dates.
Impact Justification
Temporary trading restriction for specific securities on two dates; impacts intraday traders in these 8 stocks but does not affect regular T+1 settlement trading