• ANUSHA B M
• Dr. KUSHALAPPA S

The implementation of same-day settlement is going to bring about a dramatic upheaval in the Indian stock market. Indian exchanges have historically used a T+2 settlement cycle. This was reduced to T+1 in January 2023, with a gradual implementation beginning in January 2022. Within a year of completely implementing T+1 settlement, the market is already moving toward same-day trade settlement. With T+0 settlement, deals are settled the same business day they are executed, and sellers receive their money on the same day the trade is executed—a paradigm change. This increases portfolio liquidity and agility by allowing investors to reallocate funds without waiting for the settlement cycle. There will be a T+0 settlement applied to 25 stocks on 28th March 2024. In the present study, an attempt is made to investigate the impact of the introduction of T+0 settlement on price behaviour of the shares of the company for which this new system was implemented. It is an event study and the date of introduction of this new settlement system in BSE is being considered as the date of event. The event window is 31 days; event study methodology is being used for the analysis. The entire study is based on secondary data.

AAR, CAAR, settlement, stock market.

"REACTION OF SHARE PRICES FOR THE IMPLEMENTATION OF T+0 TRADING SETTLEMENT AT BSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.11, Issue 12, page no.h402-h406, December-2024, Available :http://www.jetir.org/papers/JETIR2412746.pdf

"REACTION OF SHARE PRICES FOR THE IMPLEMENTATION OF T+0 TRADING SETTLEMENT AT BSE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.11, Issue 12, page no. pph402-h406, December-2024, Available at : http://www.jetir.org/papers/JETIR2412746.pdf