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NEW DELHI: Two bank holidays and one market holiday are likely to impact how you trade this week. April 13 is a settlement holiday on account of Gudi Padwa, said brokers. A settlement holiday is a day when trading is possible but clearing and settlement are closed for the pay-in and pay-out of stocks and funds. On April 14, the financial market as well as banks will be closed on account of Ambedkar Jayanti. Hence, settlement will not take place on that day either. In short, investors purchasing shares on Monday will not be able to sell them the next day (even though the market is open). ....
NEW DELHI: Banks across the country, barring Meghalaya and Mizoram, are closed for business as the lenders will devote the day to close the accounts for fiscal 2021. This could also impact how you trade in the market. April 1, 2021, is a settlement holiday on account of annual bank closing. A settlement holiday is the day when trading is possible, but clearing and settlements are closed for payin and payout of stocks and funds. “Your account balance will not include the following credits on April 1, 2021: Intraday profits made in the equity segment on March 30-31. Credits from trades made in equity F&O, currency, and commodity derivatives on March 31. This will include options premium credits, futures M2M profits, etc,” Zerodha said in a note. ....