31 Mar 2015, 12:00 AM
Settlement holiday and its implicationsSettlement holiday & its implications
There is a settlement holiday on April 01,2015 being Annual closing of Banks. However the Equity markets continue to function as normal.
In lieu of the settlement holiday, shares bought on March 31, 2015 shall not be available for selling on April 01, 2015.
Shares bought on 30th, will not reflect in T1 holdings or in DP holdings on April 06, 2015. These shares will be available for sale from Tuesday, April 07, 2015.
Shares bought on 31st, will not reflect in T1 holdings or in DP holdings on April 07, 2015. These shares will be available for sale from Wednesday, April 08, 2015.
Read more: http://zerodha.com/z-connect/traders-zone/holidays/settlement-holiday-and-its-impact