Settlement is a cycle; intraday is a flag
India runs on T+1 with an optional same-day facility that is still not fully rolled out. Do not teach folklore.
Indian equity settlement moved from T+2 to T+1 and then began experimenting with same-day settlement. The experiment is still optional and its full rollout has been deferred more than once.
So any journal note that states a settlement rule as permanent truth is going to age badly.
Where things actually stand
T+1 is the default cycle for equities. An optional T+0 facility exists for a set of eligible stocks, with an execution cut-off around 1:30pm, but broker readiness has repeatedly pushed back the wider mandate.
| T+1 (default) | T+0 (optional) | |
|---|---|---|
| Settlement | Next trading day | Same day |
| Trading window | Full session | Cut-off around 1:30pm |
| Scope | All equities | Eligible list, broker-dependent |
| Status | Standard | Beta, wider rollout deferred |
Source: BusinessLine — T+0 settlement rollout still optional
The flag your journal needs
Squared off in the same session, or carried into settlement. That single field feeds your tax buckets, your risk statistics and your hold-duration charts. Getting it wrong corrupts all three.
Let the broker file win
After a split or bonus, quantities change. Where your handwritten note and the broker record disagree, the broker record is the one the exchange agrees with.
Key takeaways
- T+1 is the default; T+0 remains optional and limited.
- Flag intraday square-off versus carried positions.
- Corporate actions: trust the broker file over memory.
Where these numbers come from
Not advice, not a call. NiyataBook is a personal trading journal, not a SEBI-registered investment adviser or research analyst. Everything above looks backwards at trades that already closed. What happened in a book does not promise what happens next, and F&O can take a year’s savings in a week.