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Why stocks purchased in previous trading session can not be sold on April 1, 2024?

Why stocks purchased in previous trading session can not be sold on April 1, 2024?

Fri, Mar 29, 2024

Further, April 1 is a clearing or settlement holiday in lieu of the annual bank closing. As a result, while you can trade as usual on April 1, 2024 (the next trading session), the settlement of securities or funds will not be possible on that day. 

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