India’s securities regulator on Friday accepted a tender launch of its proposed same-day settlement in 25 shares, because it makes an attempt to lure again retail traders who’re shunning direct bets on shares in favor of extra advanced by-product merchandise.

The Securities and Exchange Board of India will permit same-day settlement cycle with a restricted variety of brokers, in keeping with an announcement. The shorter cycle will likely be elective for traders and run alongside the present system the place trades are settled in at some point, or T+1 in business parlance. The regulator will evaluation the progress of the brand new mechanism after three and 6 months to resolve additional plan of action.