BSE and NSE postponed the settlement to Monday

Thebullishtrends: After the worst hit of Indian stock markets it is the another crucial day for Indian stock markets as the settlement in BSE and NSE defer settlement to Monday due the All India bank strike on Friday. Due to this problem NSE and BSE has to cancel the clearing adn settlement trades on Friday. The NSE on Thursday announced the revised settlement schedule, according to which, trades executed on Wednesday, January 23 can be settled only on January 28 instead of Friday, January 25. As there will be no pay-out and pay-in on Friday, this will cause a big problems for all the brokers and investors who are expecting payments on the day. As no fund transfer will be possible in the wake of closure of banks on Friday, This situation will leads to the brokers and Investors as they cannot take fresh position. But today the market gains will purely depends on today s FII purchases.