Facts that change
Core about 5 min
| Fact | Value | As of | Source |
|---|---|---|---|
| Normal market hours | 09:15–15:30 IST | 2026-11-06 | NSE/CMTR/74969; SEBI circular 15 Oct 2026 |
| Pre-open structure | 09:00–09:15; market and limit orders to 09:05, limit only to a random close 09:08–09:10; matching to 09:12 | from 2026-09-07 | NSE circular NSE/CMTR/74969, 1 Jul 2026 (fetched 2026-11-06) |
| Closing auction | Live from 2026-08-03 (F&O stocks, 15:15–15:35); re-timed to 15:30–15:40 with post-close 15:50–16:00 from 2026-12-07 | 2026-11-06 | SEBI circulars 16 Jan 2026 and 15 Oct 2026 (fetched 2026-11-06) |
| Derivatives expiry settlement | Last 30 min of continuous trading: index from constituents' VWAP; stocks on VWAP across exchanges | from 2026-12-07 | SEBI circular 15 Oct 2026, para 4.9 (fetched 2026-11-06) |
| Retail algo framework | Exchange-tagged API orders, no open APIs, static IP, registration above the OPS threshold | all brokers from 2026-04-01 | SEBI circulars 4 Feb 2025 and 30 Sep 2025 (fetched 2026-11-06) |
| Settlement cycle | T+1 (all equities since 2023-01-27); optional T+0 for up to top 500 stocks | 2026-11-06 | SEBI circulars 7 Sep 2021, 21 Mar 2024, 10 Dec 2024 |
| STT | Delivery 0.1% both sides; intraday 0.025% sell; futures 0.05% sell; options 0.15% of premium sell, 0.15% of intrinsic on exercise | from 2026-04-01 | Finance Act, 2026; NSE circular NSE/FATAX/73524, 31 Mar 2026 (fetched 2026-11-06) |
| NSE transaction charges | Equity 0.00307%; futures 0.00183%; options 0.03553% of premium | from 2026-03-01 | NSE circular NSE/FA/73061, 27 Feb 2026 (fetched 2026-11-06) |
| Stamp duty | Delivery 0.015%; intraday 0.003%; futures 0.002%; options 0.003% (buy side) | 2026-11-06 | Indian Stamp Act, 1899 as amended by the Finance Act, 2019 (verify with the exchange) |
| SEBI fee; GST | ₹10 per crore; 18% | 2026-11-06 | SEBI (Payment of Fees) (Amendment) Regulations, 2019; GST on financial services (verify on cbic-gst.gov.in) |
| DP charge (typical) | ₹15.34 per scrip per sell day | 2026-11-06 | Typical broker charge sheet; set your own |
| STCG / LTCG on listed equity | 20% / 12.5% above ₹1.25 lakh | transfers from 2024-07-23 | Finance (No. 2) Act, 2024; see M00 · 0.7 (canonical tax rules and section numbers) |
| Income-tax law | Income-tax Act, 2025 in force | from 2026-04-01 | Act text on incometaxindia.gov.in; section mapping in M00 · 0.7.1 |
| Index lot sizes | Nifty 65, Bank Nifty 30 | 2026-11-05 | NSE circular NSE/FAOP/70616 (3 Oct 2025); NSE F&O bhavcopy |
| Weekly expiries | Nifty (NSE) Tuesday; Sensex (BSE) Thursday | since 2025-09-01 | SEBI circular 26 May 2025; NSE/FAOP/68589 (17 Jun 2025) |
| MWCB levels | 10% / 15% / 20% of Nifty or Sensex | since 2001-07-02 | SEBI circular June 2001 (later amendments: verify with the exchange) |
| Nifty 50 base | 1,000 on 1995-11-03; free-float since 2009-06-26 | 2026-11-06 | NSE Indices factsheet |
| SEBI FY26 F&O study | 87.7% of individuals lost; net loss ₹91,685 crore | released 2026-08-20 | SEBI PR 50/2026 and study PDF (figures via summaries; PDF text not machine-extractable) |
| SEBI FY23 intraday study | 71% lost; costs +57% of losses for loss-makers | released 2024-07-24 | SEBI PR 13/2024 |