Few takers for T+0 settlements after 14 days of trading

The same-day settlement of stock market trades, or T+0, hasn’t found too many takers in 14 trading days since its launch. This is despite the markets hitting successive highs over the period.

However, analysts expect more investors to hop on to the new optional settlement system once trade timings are extended and more scrips included in the new series.

A Mint analysis of data from 28 March through 19 April for 25 eligible scrips on both the National Stock Exchange (NSE) and BSE shows negligible levels of shares traded. The total number of trades under T+0 is 3,461 so far, compared to 5.8 billion overall trades during this period.

For instance, Ashok Leyland Ltd saw 502 shares traded on 28 March and one share on 2 April on BSE , after which no trades took place on the exchange under T+0.

Similarly, State Bank of India (SBI) saw only 23 shares being traded during the period on NSE. Bank of Baroda witnessed just 114 shares traded on 28 March and none thereafter.

To give context, total traded quantity of SBI on the extant T+1 series of NSE was 188.7 million shares and for Bank of Baroda, 172.6 million shares from 28 March to 19 April.

In other cases, no trades have happened at all. In software company Coforge Ltd, no trade happened on either NSE or

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