Timings on Muhurat Trading Session · NCL/EGR/77044
NSE circular NCL/EGR/77044 · 21 Oct 2026
Official record
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NSE Clearing Limited specifies operational timings for the Muhurat Trading session on November 08, 2026. Members and custodians must follow revised schedules for custodian participant code modification, trade confirmations, collateral management, and settlement activities. The exchange provides two risk parameter files based on security prices at the previous close and the end of the day. Settlement for trades executed on November 06 and November 08, 2026, occurs on November 09, 2026. The circular also details client margin reporting cut-off dates, auction trading cycles, and upload timings for unpaid margin trading facility files. All participants must adhere to these specific time windows for the designated trading date.
What you must do
- Members and custodians must perform custodian participant code modification between 14:20 and 15:40 on November 08, 2026.
- Members and custodians must complete electronic pay-in of funds and securities by 17:45 on November 08, 2026.
Document text
[Image omitted. See the official document.]
NSE Clearing Limited
Department: ELECTRONIC GOLD RECEIPT
| Download Ref No: NCL/EGR/77044 | Date: October 21, 2026 | | Circular Ref. No: 0370/2026 | |
All Members and Custodians,
Sub: Timings on Muhurat Trading session
In view of Muhurat Trading session on account of Diwali to be held on Sunday, November 08, 2026, members and custodians may please note the following:
-
Timings for custodian participant (CP) code modification in NCMS for trades done on November 08, 2026:
Process Timings Trades Modification (CP CODE) 14:20 – 15:40 -
Two risk parameter files based on prices of the securities at previous close, and at the end of day shall be provided.
-
Timing for T day confirmations for trades executed on November 08, 2026 will be as follows-
Process Timings EPI of Funds and Securities cut-off 17:45 hrs Custodian trade confirmation End time 10:00 hrs (T+1 day) -
Collateral -
Collateral Type Start Time End Time Cash Addition 12:15 16:15 Allocation of Collaterals 11:45 19:00 Securities Release request cut off time - 16:15 Cash Release (only for cash deposited on the day) 12:15 16:15
[Image omitted. See the official document.]
NSE Clearing Limited
-
On account of trading on November 08, 2026, the pay in/pay out transactions for the trade date November 06, 2026, and November 08, 2026, shall be settled on November 09, 2026.
The settlement schedule for trades executed on account of Muhurat Trading Session scheduled on November 08, 2026 is as given below:
T+1 Settlement Type & Number Trade Date Custodial Confirmation Date Settlement Date Pay-in time Pay-out time 6
2026125 | 08-Nov-26 | 09-Nov-26 | 09-Nov-26 | 17.30 hrs | 20.00 hrs |
On account of Muhurat Trading Session, multiple settlements have been scheduled on November 09, 2026. The details of Pay in – Payout timings along with auction trade details are attached as per Annexure A.
-
Client Margin Reporting: - The schedule for client margin reporting on account of Muhurat Trading on November 08, 2026, shall be as under:
Trade Date Cut Off Date 02-Nov-26 08- Nov-26 03- Nov-26 09- Nov-26 04- Nov-26 11- Nov-26 05- Nov-26 12- Nov-26 06- Nov-26 13- Nov-26 08- Nov-26 16- Nov-26
All members and custodians are requested to take note of the same.
For and on behalf of
NSE Clearing Limited
Ashwini Goraksha
Associate Vice President
| Telephone No | Email id |
|---|---|
| 1800 2660 050 (IVR Option 2) | support@nsccl.co.in |
[Image omitted. See the official document.]
NSE Clearing Limited
Annexure A
Settlement schedule on November 09, 2026
| T+1 Settlement Type & Number | Trade Date | Custodial Confirmation Date | Settlement Date | Pay-in time | Pay-out time |
|---|---|---|---|---|---|
| 7 | |||||
| 2026123 | 06-Nov-26 | 06-Nov-26 | 09-Nov-26 | 09.30 hrs | 11.30 hrs |
| 6 | |||||
| 2026124 | 06-Nov-26 | 09-Nov-26 | 09-Nov-26 | 14.00 hrs | 16.30 hrs |
| 6 | |||||
| 2026125 | 08-Nov-26 | 09-Nov-26 | 09-Nov-26 | 17.30 hrs | 20.00 hrs |
You are also requested to take note of the cut-off timings for pay-in at the depositories end due to the revised settlement timings for November 09, 2026.
Kindly note that Auction trading and settlement under the revised auction cycle will be conducted as follows:
| Settlement Number | Trade Date | Settlement Date | Auction Settlement Number | Auction Trade Date | Auction Settlement Date |
|---|---|---|---|---|---|
| 6 2026124 | 06-Nov-26 | 09-Nov-26 | 7 2026124 | 09-Nov-26 | 11-Nov-26 |
| 6 2026125 | 08-Nov-26 | 09-Nov-26 | 7 2026126 | 11-Nov-26 | 12-Nov-26 |
| 6 2026126 | 09-Nov-26 | 11-Nov-26 |
* Shortages of 2026125 and 2026126 shall be conducted in 2026126; there shall be no Auction in 2026125.
The timings for uploading the UNPAID MTF files will be as follows:
| Settlement Number | Trade Date | Settlement Date | Timings on 08-Nov-26 | Timings on 09-Nov-26 |
|---|---|---|---|---|
| 6 | ||||
| 2026124 | 06-Nov-26 | 09-Nov-26 | 15:30 to 18:00 | 07:30 to 13:00 |
| 6 | ||||
| 2026125 | 08-Nov-26 | 09-Nov-26 | - | 07:30 to 16:30 |
Source details
- Source
- National Stock Exchange of India
- Type
- circular
- Published by source
- 21 Oct 2026
- Document number
- NCL/EGR/77044
- Issuing division
- ELECTRONIC GOLD RECEIPT
- Coverage area
- securities