India's markets regulator will start an optional same-day settlement for 25 stocks with a limited number of brokers on March 28, according to a circular on its website published on Thursday.

Referring to the launch as beta version, the Securities and Exchange Board of India (SEBI) said the optional T+0 will work alongside the existing T+1 settlement.

In T+1, trades are settled within 24 hours of execution.

Exchanges would disclose the list of the 25 stocks eligible for T+0 settlement on their websites, SEBI said.

Exchanges shall provide a fortnightly report on the progress of activities in the beta version of T+0 settlement cycle till further direction, it added.

Brokers adhering to exchanges' processes and risk management norms will be eligible for T+0, and bourses will publish the list of participating brokers.

(Reporting by Jayshree P Upadhyay; Editing by Varun H K)