Short answer

A settlement holiday occurs when stock markets remain open for trading, but the depositories (NSDL and CDSL) remain closed. This affects specific types of trading activities.

How settlement holidays impact your trading

Regular trading: You can continue buying and selling stocks normally during settlement holidays.

Auction markets: Auction markets remain closed when depositories are closed, so you cannot participate in auction trading.

Settlement processes: Stock transfers and deliveries get delayed as depositories handle these processes.

You can view all upcoming settlement holidays on iRage’s holiday calendar.

To learn more about settlement holidays, see arrow.trade/Arrow learning resources/trading-holiday-vs-settlement-holiday.