SEBI Rolls Out Optional T+0 Settlement, Jungle Camps India IPO Hitting the Markets

New Delhi, Dec 10: In a significant move, the Securities and Exchanges Board of India (SEBI) has rolled out an optional T+0 settlement for top 500 stocks. This announcement is set to be effective from January 31, 2025.

According to an official circular released on Tuesday, December 10, this development comes as a shot in the arm for the Indian stock market. The regulator stated that optional T+0 settlement cycle shall be made available to top 500 scrips in terms of market capitalization as on December 31, 2024.

The SEBI announced that the option will be first rolled out for the bottom 100 companies of the total 500 list and the entire availability will be rolled out in intervals of 100. This move is expected to bring about a significant transformation in the Indian stock market.

Meanwhile, Jungle Camps India IPO has hit the markets, aiming to raise ₹29.42 crore through its initial public offering (IPO). The SME IPO will remain open until December 12, 2024, with a fixed price band of ₹68-₨2 per equity share.

On the political front, Mamata Banerjee is gaining momentum to lead the opposition INDIA bloc. Former Bihar Chief Minister Lalu Prasad Yadav extended his support for Trinamool Congress chief Mamata Banerjee, stating that "Congress's objection means nothing."

As the Delhi assembly elections approach, Arvind Kejriwal announced five new guarantees for autorickshaw drivers, including up to ₹10 lakh insurance cover and financial assistance of ₹1 lakh for daughters' weddings.

However, RJD chief and former Bihar Chief Minister Lalu Prasad Yadav was recently at the center of a controversy when he made a sexist remark about Bihar Chief Minister Nitish Kumar's Mahila Samwad Yatra during an event.

In related news, Kate Middleton has secured a spot on TIME Person of the Year 2024 list for her numerous endeavors throughout the year, including recent health scares and annual royal Christmas carols.