Indian markets currently operate on a T+1 settlement cycle for all stocks currently, which means that the purchase and sale of shares will reflect in the demat accounts of investors one day after the transaction.
Indian indices inched higher as trading session progressed on Wednesday ahead of the FY 2024 interim budget to be presented on February 1. Investors will keenly observe the announcements despite the interim nature of the budget.
Stock Market Today: BSE Sensex and Nifty 50 indices soon eroded gains during the early hours to trade in red. Shares of Zee Entertainment Enterprise, BHEL and IEX remain among top gainers whereas shares of MRF, Bajaj Finance and Godrej Properties tanking the most.
Sensex, Nifty Today: As today's session progressed, Sensex slid back in red by 637.98 points, or 0.90 per cent to 70,422.33 followed by Nifty dipping 182.95 points, or 0.85 per cent to 21,271.00 at 1 pm.