Sebi enhances scope of T+0 settlement cycle, approves eligible scrips to top 500 companies

Sebi reviewed the performance of the Beta version of T+0 settlement cycle and will increase the eligible trading scrips to the top 500 companies. This will be done in phases. FPIs and Mutual Funds will have access. An optional block deal window mechanism will be introduced. The current T+1 settlement cycle will continue.