General Information
18.Nov.2024
We would like to inform you about key regulatory changes introduced by the Securities and Exchange Board of India (SEBI) regarding the equity derivatives framework. These modifications are designed to enhance investor protection and ensure market stability. Increase in Contract Size
The revised lot sizes for index derivatives are as follows :
| No | Index | Old Lot Size | New Lot Size |
|---|---|---|---|
1 | Nifty 50 | 25 | 75 |
2 | Bank Nifty | 15 | 30 |
3 | Nifty Financial Services | 25 | 65 |
4 | Nifty Midcap Select | 50 | 120 |
5 | Nifty Next 50 | 10 | 25 |
6 | BSE Sensex | 10 | 20 |
7 | BSE Bankex | 15 | 30 |
8 | BSE Sensex 50 | 25 | 60 |
Weekly Expiry Contracts
Only Nifty 50 and Sensex will have weekly expiry options.
Other index options will be available with monthly expiry contracts only.
Quarterly and half-yearly contracts will remain unchanged.
Additional Margin on Expiry Day
Effective 20 November 2024: An Extreme Loss Margin (ELM) of 2% will be applicable to Index Options short positions on the expiry day.
Implementation Timeline
Effective 1 February 2025: Margin benefits will no longer apply to calendar spreads on the expiry day.
Effective 1 April 2025: Position limits will be monitored continuously throughout the trading day, rather than only at market close.
For details, please refer to SEBI’s circular here.
14.Nov.2024
Trading Holiday on account of Maharashtra Legislative Assembly General Election on November 20, 2024
The Evening trading session of MCX will be open for trading from 5:00 pm to 11:55 pm (till 09:00 pm for selected Agri Commodities)
23.Oct.2024
Muhurat Trading Session on account of Diwali Laxmi Pujan
A Muhurat Trading session will be conducted from NSE, BSE and Commodity Exchanges (NCDEX and MCX) on November 01, 2024
| Muhurat Trading Session | Start Time | End Time |
|---|---|---|
Pre Open* | 17:45 pm | 18:00 pm |
Normal Market | 18:00 pm | 19:00 pm |
Closing | 7.10 pm | 7.20 pm |
Intraday Auto Square off | 6.45 pm | |
Products Conversion - Intraday | 6.00 pm | 6.45 pm |
Product Conversion - BTST/MTF | 6.00 pm | 7.00 pm |
Circulars
23.Aug.2024
Revision in contract note as per exchange circular from 23 August 2024
Key changes:
Single Weighted Average Price (WAP): There will be a single WAP for transactions of a particular security/contract across all exchanges, instead of separate WAPs for each exchange. Consolidated contract note: The Contract Note will be consolidated across exchanges per security/contract. In addition, trade wise details of each scrip will be shown in a separate annexure.
13.May.2024
Trading Holiday on May 20, 2024 on account of Parliamentary Elections
The Evening trading session of MCX will be open for trading from 5:00 pm to 11:30 pm (till 09:00 pm for selected Agri Commodities)
10.May.2024
Special Live trading session on Saturday, May 18, 2024 with intraday switch over to DR site
Exchanges shall be conducting a special live trading session with intraday switch over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday May 18,2024 in Equity and Equity Derivatives Segments. For more clarification, refer the below circulars:
| Trading Sessions - 1 (Primary) | From | To |
|---|---|---|
Pre-Open | 9.00 am | 9.08 am |
Normal Market | 9.15 am | 10.00 am |
No post closing |
| Trading Sessions - 2 (DR) | From | To |
|---|---|---|
Pre-Open | 11:15 am | 11:23 am |
Normal Market | 11:30 am | 12:30 pm |
Post closing session | 12:40 pm | 12:50 pm |
The market will be closed from 10:00 am to 11:15 am during the transition from Primary to Disaster Recovery (DR) site
Please note the below points regarding the Live trading session on 18 May, 2024:
AMO (After Market Orders) and GTD orders will be sent to Exchanges only in the first session.
AMO (After Market Orders) and GTD (Good Till Day) Orders placed during the first trading session that are not executed will be cancelled. No AMO / GTD orders will be send during the second trading session.
Any outstanding orders shall be purged before the start of trading from DR site. This means that all pending orders will be cancelled at the end of the first session (10 am). Therefore, pending orders will have to be placed once again, if you want to, at the start of the second session (11.15 am).
Credits due on derivatives (i.e. premium from options sold, M2M etc.) and intraday equity profits on May 17th will not be available as buying power in this session.
In the case of Intraday orders, Bracket orders are not allowed.
All securities (including those on which derivative products are available) will have a maximum price band of 5%. Securities already in 2% or lower price band, shall continue to be available in the respective bands.
The price band for equity segment and futures contracts which will be applicable at the start of the day at PR site, shall be applicable at DR site too. Accordingly, the same shall be the reference price range for pre-open session in equity segment at DR site
Any changes in price bands of options contracts due to market factors upto the close time at PR site would be carried forward to DR site.
The Intraday auto square-off timing is set for 12:15 pm.
Currency and Commodity markets will stay closed.
16.Apr.2024
| Date | Trading Sessions | Location | Schedule |
|---|---|---|---|
Tuesday, 16th April 2024 | Live Trading | Disaster Recovery (DR) | Normal Market Timings |
15.Mar.2024
Presenting Selfie Platinum 3.7.0.435
To give a richer and even more secure experience, we have upgraded the version to Selfie Platinum 3.7.0.435. Download the new version of Selfie Platinum, as the old one will be discontinued on 15th March 2024.
Click here to download the latest version of Platinum platform.
To retain your existing watchlist you may use the option available under File > Export Workspace and once after reinstallation you may use Import Workspace option under File tab.
15.Feb.2024
Special Live trading session on Saturday, March 02, 2024 with intraday switch over to DR site
Exchanges shall be conducting a special live trading session with intraday switch over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday March 02,2024 in Equity and Equity Derivatives Segments. For more clarification, refer the below circulars:
| Trading Sessions - 1 (Primary) | From | To |
|---|---|---|
Pre-Open | 9.00 am | 9.08 am |
Normal Market | 9.15 am | 10.00 am |
No post closing |
| Trading Sessions - 2 (DR) | From | To |
|---|---|---|
Pre-Open | 11:15 am | 11:23 am |
Normal Market | 11:30 am | 12:30 pm |
Post closing session | 12:40 pm | 12:50 pm |
The market will be closed from 10:00 am to 11:15 am during the transition from Primary to Disaster Recovery (DR) site
Please note the below points regarding the Live trading session on 02 March 2024:
AMO (After Market Orders) and GTD orders will be sent to Exchanges only in the first session.
AMO (After Market Orders) and GTD (Good Till Day) Orders placed during the first trading session that are not executed will be cancelled. No AMO / GTD orders will be send during the second trading session.
Any outstanding orders shall be purged before the start of trading from DR site. This means that all pending orders will be cancelled at the end of the first session (10 am). Therefore, pending orders will have to be placed once again, if you want to, at the start of the second session (11.15 am).
Credits due on derivatives (i.e. premium from options sold, M2M etc.) and intraday equity profits on March 1st will not be available as buying power in this session.
In the case of Intraday orders, Bracket orders are not allowed.
All securities (including those on which derivative products are available) will have a maximum price band of 5%. Securities already in 2% or lower price band, shall continue to be available in the respective bands.
The price band for equity segment and futures contracts which will be applicable at the start of the day at PR site, shall be applicable at DR site too. Accordingly, the same shall be the reference price range for pre-open session in equity segment at DR site
Any changes in price bands of options contracts due to market factors upto the close time at PR site would be carried forward to DR site.
The Intraday auto square-off timing is set for 12:15 pm.
Currency and Commodity markets will stay closed.
13.Feb.2024
Revision in Trading Hours February 13, 2024
Trading hours for commodity derivatives segment for February 13, 2024 has been revised from 9:00 AM to 01:00 PM.
For more details, check the relevant exchange circulars here:
20.Jan.2024
Equity, F&O, and currency market holiday on Monday, January 22, 2024
Monday, January 22, 2024, will be a market holiday for the equity, F&O, and currency segments.
Commodity markets will be closed for the first half, and trading will be open only in the evening session (5:00 pm onwards).
For more details, check the relevant exchange circulars here: BSE, NSE, MCX & NCDEX
19.Jan.2024
Live trading session on Saturday, January 20, 2024 in Equity and Equity Derivatives segment
Equity and equity derivative markets will remain open from 9:00 AM to 3:30 PM on Saturday, January 20, 2024. Currency and commodity markets will remain closed.
The expiry date for the Bankex and Midcap Nifty contracts has been revised from January 22, 2024(Monday), to January 20, 2024(Saturday).
Credits due on derivatives (i.e. premium from options sold, M2M etc.) and intraday equity profits on January 19th will not be available as buying power On January 20, 2024.
Our prior communication regarding Special live trading session on January 20, 2024 stands withdrawn.
For more details, check the relevant exchange circulars here: BSE, NSE.
17.Jan.2024
Special Live trading session on Saturday, January 20, 2024 with intraday switch over to DR site
Exchanges shall be conducting a special live trading session with intraday switch over from Primary Site (PR) to Disaster Recovery Site (DR) on Saturday January 20,2024 in Equity and Equity Derivatives Segments. For more clarification, refer the below circulars:
| Trading Sessions - 1 (Primary) | From | To |
|---|---|---|
Pre-Open | 9.00 am | 9.08 am |
Normal Market | 9.15 am | 10.00 am |
No post closing |
| Trading Sessions - 2 (DR) | From | To |
|---|---|---|
Pre-Open | 11:15 am | 11:23 am |
Normal Market | 11:30 am | 12:30 pm |
Post closing session | 12:40 pm | 12:50 pm |
The market will be closed from 10:00 am to 11:15 am during the transition from Primary to Disaster Recovery (DR) site
Please note the below points regarding the Live trading session on 20 January 2024:
AMO (After Market Orders) and GTD orders will be sent to Exchanges only in the first session.
AMO (After Market Orders) and GTD (Good Till Day) Orders placed during the first trading session that are not executed will be cancelled. No AMO / GTD orders will be send during the second trading session.
Any outstanding orders shall be purged before the start of trading from DR site. This means that all pending orders will be cancelled at the end of the first session (10 am). Therefore, pending orders will have to be placed once again, if you want to, at the start of the second session (11.15 am).
Credits due on derivatives (i.e. premium from options sold, M2M etc.) and intraday equity profits on January 19th will not be available as buying power in this session.
In the case of Intraday orders, Bracket orders are not allowed.
All securities (including those on which derivative products are available) will have a maximum price band of 5%. Securities already in 2% or lower price band, shall continue to be available in the respective bands.
The price band for equity segment and futures contracts which will be applicable at the start of the day at PR site, shall be applicable at DR site too. Accordingly, the same shall be the reference price range for pre-open session in equity segment at DR site
Any changes in price bands of options contracts due to market factors upto the close time at PR site would be carried forward to DR site.
The Intraday auto square-off timing is set for 12:15 pm.
Currency and Commodity markets will stay closed.
11.Jan.2024
Most Important Terms and Conditions (MITC)
BSE
07.Nov.2023
Muhurat Trading session on account of Diwali
A Muhurat Trading session will be conducted from NSE, BSE and Commodity Exchanges (NCDEX and MCX) on November 12, 2023
| TRADING SESSIONS | FROM | TO |
|---|---|---|
Pre-Open | 06:00 pm | 06:08 pm |
Continuous Trading | 06:15 pm | 07:15 pm |
Closing | 07:15 pm | 07:25 pm |
Post- closing | 07:25 pm | 07:35 pm |
Intraday Auto Square off | 07.00 PM | |
Products Conversion - Intraday | 06.15 PM | 07:00 PM |
Product Conversion - BTST/MTF | 06.15 PM | 07:35 PM |
27.Jul.2023
Impact due to NSDL Technical Glitch
We hope this post finds you in good health and high spirits. On 26th July, an unforeseen technical glitch occurred at the depository's end, which, unfortunately, had an impact on the End of Day (EOD) processes and depository settlement with NSDL. We understand the inconvenience this may have caused and would like to extend our heartfelt apologies for any troubles you may have experienced during this period.
Today you might have encountered the following issues:
Order and Trade Book | Yesterday’s (26th July) trade data will continue to be shown in your Order book, Trade book and position page on 27th July. |
Average Rate Calculation | The average rate for your trades will continue to be computed based on the FIFO rate from the previous day (26th July). |
Buying Power Anomalies | Please note that there may have been some anomalies in the displayed Buying Power values. |
Mark-to-Market Figures | MTM figures are not credited to the buying power. |
Shares Sold on 26th July | If you sold any shares on 26th July, the buying power updation might be delayed. |
NRI Clients | PIS accounts may have experienced anomalies during this period. |
MTF (Margin Trading Facility) Pledging | Confirmation of shares pledged for MTF purposes may have been delayed. |
Missing Positions | You might have noticed that certain off-market transfers, new listings, and relisted securities were temporarily missing from your positions. |
We sincerely apologize for the inconvenience and assure you that our technical team is working diligently to resolve these issues at the earliest. We are committed to providing a seamless trading experience, and we deeply value your understanding and patience.
If you have any questions or require further assistance, please do not hesitate to reach out to our customer support team. We will keep you updated on the progress of the resolution.
Thank you for your continued support and trust in our services.
29. May.2023
Transfer of Shares to IEPF account in case of unclaimed dividends
The dividends declared by companies whose shares you own are transferred directly to your bank account linked to your Demat account by the Registrar and Share Transfer Agent (RTA). It is important to ensure that your bank account details are accurate and up to date, as any discrepancies can result in the dividend not being credited to your account.
In accordance with the Investor Education and Protection Fund (IEPF) (Accounting, Audit, Transfer, and Refund) Rules of 2016, any shares held by shareholders who have not claimed dividends for a consecutive period of seven years or more are mandated to be transferred to the Demat account of the IEPF Authority. This transfer ensures compliance with the regulations and safeguards the interests of investors.
To access the bank details associated with your Demat account, kindly visit https://my.geojit.com and log in using your unique login ID and password. Once logged in, navigate to the User Profile section and click on "Depository Bank Account Details" to view the registered bank information. We request you to ensure the following to avoid the transfer of shares from your Demat account to the IEPF Authority
Core banking account number, IFSC, and MICR of your bank account are updated in your Demat account.
For all the shares held by you (Demat/physical), declared dividends are received in your Bank Account.
Additionally, it is important to be aware that if your shares have already been transferred to the IEPF Authority and you wish to claim them or the associated dividends, a distinct application must be submitted to the authority using Form IEPF-5, as specified in the IEPF Rules. You can find the required form on the official website of the IEPF Authority at www.iepf.gov.in.
20.Mar.2023
Frequently Asked Questions (FAQs) on the e-Voting System of NSDL
03.Mar.2023
Attention: Services may be impacted on 04 March
We will be conducting testing on our website on (March 04, 2023). As a part of this testing, we will be switching to our DR (Disaster Recovery) site for one day. This is a necessary measure to ensure that our systems remain operational and secure.
While we do not anticipate any significant disruptions, some functions or services may be temporarily unavailable or may experience minor delays throughout the day. However, rest assured that our team will be closely monitoring the situation to minimize any potential impact.
We appreciate your understanding and support as we take the necessary steps to ensure the safety and reliability of our systems.
If you have any questions or concerns, please do not hesitate to contact our customer service team at customercare@geojit.com or 1800 425 5501.
Please note that on Saturday, 04 March 2023, our telephone lines, 1800 103 5501, 0484 4114306 and 0484 2901000 will not be available.
03. Feb.2023
Aadhar seeding with PAN
In order to have smooth application of section 234H and existing rule 114AAA, it is clarified that the impact of sub-rule (2) of rule 114AAA i.e. where a person, whose permanent account number has become inoperative under sub-rule (1), is required to furnish, intimate or quote his permanent account number under the Act, it shall be deemed that he has not furnished, intimated or quoted the permanent account number, as the case may be, in accordance with the provisions of the Act, and he shall be liable for all the consequences under the Act or not furnishing, intimating or quoting the permanent account number, shall come into effect from 1st April, 2023 and the period beginning from 1st April, 2022 and ending with 31st March, 2023, shall be the period during which the said sub-rule shall not have its negative consequences of the nature referred to in the said sub-rule or specified in paras 4 and 4.1 above.
In accordance with the guidelines issued, all members are advised to ensure that their existing and new clients comply with the requirement of linking the Aadhar with PAN by March 31, 2023.
03. Feb.2023
Nomination for Eligible Trading and Demat Accounts
Please refer the SEBI circular reference No. SEBI/HO/MIRSD/RTAMB/CIR/P/2021/601 dated July 23, 2021, and Exchange notice no. 20210724-1 dated July 24, 2021 on “Nomination for Eligible Trading and Demat Accounts”.
Subsequently, vide SEBI Circular - SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/23 dated February 24, 2022, and Exchange notice no. 20220225-59 dated February 25, 2022, the timelines to provide choice of nominations for all existing eligible trading and demat account holders had been extended to March 31, 2023. In case the choice of nomination is not provided by March 31, 2023, the trading and demat account would be frozen.
27.Jan.2023
Introduction of T+1 rolling settlement
Securities and Exchange Board of India (SEBI), permitted the stock exchanges to introduce T +1 settlement cycle from 1 January 2022 on the securities available in the equity segment.
Regarding this matter, the Stock Exchanges, Clearing Corporations, and Depositories have completed the plan for executing the T+1 settlement cycle, which is outlined below:
The T +1 settlement cycle will be implemented in a phased manner. The T +1 settlement cycle of first list of securities starting with the bottom 100 stocks by market capitalization will start from 25 February 2022.
The next bottom 500 stocks by market capitalization will be included in T+1 settlement on the last Friday (trade day) of every month from March 2022.
Any new stock listed after October 2021, will be added to list based on the market capitalization calculated based on average trading price of 30 days after commencement of trading.
Securities such as preference shares, warrants, right entitlements, partly paid shares and securities issued under differential voting rights (DVR) will be transitioned to T+1 settlement along with the stock of parent company.
Considering the aforementioned alterations, we kindly ask that you take note of the following: -
Liquidation of Unpaid Shares will be one day in advance from the current time limit
MTF marking cut off on T+1 will be 12:00 PM.
BTST will be available only on Trading Day.
Interest on due debits will be from T+1 EOD.
Please see the press release issued by NSE in this regard.
23.Jan.2023
Repledging is allowed only against Exchange approved Securities
The clearing corporation has established guidelines for collateral allocation, which permit the repledging of securities exclusively for exchange-approved securities in accordance with a list that will be periodically released by the exchange. Please refer the SEBI Circular.
Since repledging is only authorized for exchange-approved securities, and allocation is required to be made in real-time, we will only be providing margin against approved securities. Furthermore, the pledge facility will only be enabled for such securities, commencing from 24.01.2023.
09. Nov.2022
Revision in Transaction Charges in Equity Segment.
Please refer to BSE Exchange notice number 20210210-42 dated February 10,2021 regarding Revision in Transaction Charges in Equity Segment.
In partial modification to aforesaid notice, please note that Exchange will levy the transaction charges for Group A,B and other non exclusive scrips ( non exclusive scrips from group E,F,FC,G,GC,W,T) at Rs.375 per crore of turnover on flat rate basis with effect from December 01,2022.
Trading members may note that there shall be no other change related to transaction charges in equity segment. (for exclusive scrips of groups E,F,FC,G,GC,W,T and groups –MS,TS,M,MT,IF,IT,X,XT,Z,ZP,P,R etc.)
09. Nov.2022
Revision in Transaction Charges in Currency Derivatives Segment
Please refer to the BSE notice number 20171208-32 dated December 08, 2017 regarding Revision in Transaction Charges in Currency Derivatives Segment and notice number 20190916-29 dated September 16,2019 regarding Transaction charges for Futures and Options contracts on Cross Currency Pairs.
In partial modification to aforesaid notices, please note that with effect from December 01,2022 transaction charges will be revised on trades done in currency futures (including cross currency futures) as follows -
| Sr.No | Incremental Monthly Turnover in Currency Futures (including cross currency futures) Rs. Crore | Revised Currency Futures (including cross currency futures)- Charges Applicable per crore (on both active and passive side) from December 01,2022 |
|---|---|---|
1 | Turnover < Rs.5,000 Crores | Rs.25 |
2 | Turnover => Rs.5,000 Crores & < Rs.10,000 Crores | Rs.20 |
3 | Turnover => Rs.10,000 Crores & < Rs.20,000 Crores | Rs.15 |
4 | Turnover => Rs.20,000 Crore | Rs.10 |
*For Currency Futures contracts, transaction charges will be applicable on the value of the transactions (Price X Quantity).
Also, please nnote that there will be no change in transaction charges of existing Currency Options (including cross currency option) which are as follows-
| Sr.No | Currency Options (including cross currency options) - Charges Applicable per crore on premium Value (on both active and passive side) |
|---|---|
1 | Rs.100/- |
Transaction charges for Currency Futures will be charged on Incremental monthly turnover at the end of the month as per above table.
28.Oct.2022
Trading in Live Environment for Electronic Gold Receipts (EGR) Segment
Stock brokers are advised to upload all the client codes for execution of trade in the EGR Segment. Trades will be allowed to be executed only in the registered client codes in the EGR Segment. Further as per Exchange notice no. 20220623-58 dated June 23, 2022, only Compliant UCCs ONLY will be allowed to place orders in EGR Segment.
28.Oct.2022
Block Mechanism in demat account of clients undertaking sale transactions
SEBI, vide circular no. CIR/HO/MIRSD/DOP/P/CIR/2022/595 dated July 16, 2021, introduced block mechanism in the demat account of clients undertaking sale transactions, for ease of operations in Early Pay-in mechanism.
Subsequently, vide circular no. SEBI/HO/MIRSD/DoP/P/CIR/2022/109 dated August 18, 2022, SEBI made the facility of block mechanism mandatory for all Early Pay-In transactions by amending clause 5 of circular dated July 16, 2021 as under: “5. The facility of block mechanism shall be mandatory for all Early Pay-In transactions.”
25.Oct.2022
Exchanges, of late, have received multiple references where messages/ videos are being circulated with recommendations to deal in certain scrips. Such recommendations are being circulated to investors by unregistered or unauthorised entities inducing them to deal in these stocks. The circulation of such posts is not only detrimental to the interest of the investors but also adversely affects the integrity of the securities market.
List of scrips in which unsolicited videos have been found to be circulated in social media
Adherence to KYC requirements- Sikkim Clients
Further, the Trading Members are required to maintain additional diligence for all existing and new clients, by capturing the details of devices (Computer/Tablet/Mobile including Executable Applications, Browser based Apps, Mobile Apps) used to place/modify/cancel orders by the clients based out of Sikkim to verify if the orders are placed from ‘Sikkim’
18.Oct.2022
Muhurat Trading session on account of Diwali
A Muhurat Trading session will be conducted from NSE & BSE on October 24, 2022
| TRADING SESSIONS | FROM | TO |
|---|---|---|
Pre-Open |
|
|
· Order Entry period* | 06:00 PM | 06:08 PM |
· Matching period | 06:08 PM | 06:15 PM |
Continuous Trading | 06:15 PM | 07:15 PM |
Closing | 07:15 PM | 07:25 PM |
Post- closing | 07:25 PM | 07:35 PM |
Intraday Auto Square off | 07.00 PM | |
Products Conversion - Intraday | 06.15 PM | 07:00 PM |
Product Conversion - BTST/MTF | 06.15 PM | 07:35 PM |
Last updated