Indian stock exchanges shift to T+2 settlement due to holidays, delaying trade settlements.

Indian stock exchanges are using a T+2 settlement system for trades made on September 8 due to settlement holidays on September 5 and 8. This means trades will be settled on September 10. For the derivative, cash, and Securities Lending and Borrowing Mechanism segments, trades on September 4, 5, and 8 will settle on September 9, with trades on September 8 and 9 settling on September 10. The exchanges have updated stakeholders on these changes.