Sebi fires fresh shot at T+0 revival; market players sceptical of impact

Industry players believe measures, while important, may not yield higher participation

The Securities and Exchange Board of India (Sebi) has announced a slew of measures to infuse life into the same-day (T+0) settlement cycle. However, market players are divided over their effectiveness given the lack of interest in the framework in the present form.

At its board meeting held on Monday, the market regulator decided to expand the list of eligible stocks under T+0 to top 500 stocks on the basis of market capitalisation in a phased manner. Furthermore, it directed qualified stock brokers (QSBs) to put in place the systems to enable seamless participation.

At present, the T+0 settlement