How does trading and settlement process work in the indian stock market - both primary and secondary market?

Question

How does trading and settlement process work in the indian stock market - both primary and secondary market?

Answer 1

Trading in the market is done through an order processing system.  Brokers do place the orders to this system,  and this system then processes the orders based on the bid and ask values.

Settlement in the Indian exchanges is done on a T+2 basis, which means that it will take two days for the stocks or cash to get delivered into your demat / bank account respectively after you make a trade.