SEBI Revises Equity And Derivatives Settlement Schedules After Id-E-Milad Clearing Holidays On September 5 And 8

Mumbai: The Securities and Exchange Board of India (SEBI) on Monday announced revised settlement schedules for the equity and derivatives segments in view of settlement holidays declared on September 5 and 8, 2025, by clearing corporations.

The holidays, observed on the occasion of Id-E-Milad, mark the birth anniversary of Prophet Muhammad.

While trading on stock exchanges will remain open, no clearing or settlement will take place on these dates as depositories NSDL and CDSL will remain shut. Consequently, fund and securities transfers will be processed on the subsequent working days.

According to SEBI, the settlement for the cash and Securities Lending and Borrowing Mechanism (SLBM) segment for the trade days of September 4 (Thursday) and September 5 (Friday) will be undertaken on September 9 (Tuesday).

The settlement for trades on September 8 (Monday) and September 9 (Tuesday) will be completed on September 10 (Wednesday).

For the derivatives segment, the settlement for trades on September 4, 5 and 8 will be carried out on September 9 (Tuesday).

SEBI said the clarification aims to ensure smooth processing of trades and timely communication to market participants during the festive break.

Earlier, in order to lower the risks associated with excessive exposures and preserve market liquidity and order, SEBI has implemented a framework to track intraday positions in equity index derivatives.

According to an official notice, SEBI has decided to set explicit intra-day position limits for each entity trading, with net intra-day positions being limited to Rs 5,000 crore per entity, calculated using futures equivalents.

Similar to the current end-of-day gross limit, the gross intra-day position will be capped at Rs 10,000 crore.

Amid growing concerns about participants taking large positions, particularly on options expiry days, which caused volatility and jeopardised market integrity, the new regulations will go into effect on October 1.

Meanwhile, the domestic equity indices were trading in positive territory. At around 2:58 P.M., the Sensex was up 189 points, trading at 80,900.10, while Nifty was at 24,809.55, up 68 points.

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