Investing P&L Holdings Kite

P&L change after 3:30 PM on Kite

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The NSE / BSE equity session closes at 15:30 IST, but the Day’s P&L column on the Kite Holdings tab (and the realised P&L on Positions ) can continue to change for several minutes after that. This is normal back-office activity, not a Kite bug.

What changes between 15:30 and end-of-day

Closing-price finalisation

NSE / BSE compute the closing price of each equity as the volume-weighted average over the last half hour (15:00 to 15:30). The official closing price for the day is published in the bhav copy, typically by 16:00-16:30 IST.

Between 15:30 (last live tick) and the bhav copy publish, Kite may use the last LTP as a placeholder. When the official closing price arrives, the Day’s P&L gets a small recomputation.

Closing-session trades

NSE runs a “closing session” from 15:40 to 16:00 for equity, during which orders can be placed at the closing price. Trades executed in this window adjust the day’s volume and (sometimes) the closing price. Holdings reflecting these trades may update their P&L briefly.

Same-day corporate action effective time

For some corporate actions, the effective time is the close of market on the action date, not 09:15 the next day. Kite applies the adjustment when the action becomes effective; if this happens at 15:35, the Day’s P&L gets adjusted then.

F&O settlement price

For F&O contracts, the daily settlement price is published after 15:30. The MTM P&L on Positions adjusts when the settlement price replaces the last LTP for the day. For most positions this is a small adjustment; for thinly traded contracts, it can be larger.

Back-office RMS adjustments

Zerodha’s Risk Management System (RMS) and back-office can post small adjustments after market hours:

  • Margin recomputation.
  • Corporate-action share credits / debits.
  • Settlement-failure handling (rare).

These can briefly affect the displayed P&L.

When the change is large

A large P&L change after 15:30 (more than 1% of position value) is unusual. Investigate:

  • Did a corporate action become effective today? Check event tag on the scrip.
  • Did the closing-session price differ substantially from the last live LTP? Compare against NSE / BSE bhav copy.
  • Did the day’s high or low get revised? Some bhav-copy publications include trade revisions for off-screen / DMA trades.

If none of these explain it, contact Zerodha support.

When the change is small (and normal)

A few rupees per share, or a few hundred rupees per holding total, after 15:30 is normal. Reasons:

  • Closing-price reset (LTP -> official close).
  • Late tick incorporation.
  • Late corporate action effective.

No action needed. The numbers stabilise by ~16:30.

Implications for end-of-day reporting

If you maintain a personal P&L spreadsheet:

  • Use the bhav copy close (16:30+) as the official end-of-day mark.
  • Don’t reconcile against the 15:31 snapshot; small adjustments will follow.
  • For tax / capital gains reporting, use the closing price as published by the exchange.

Console reconciliation

Console > Reports > Tradebook is the source-of-truth for trades; Console > Portfolio > Holdings is the source-of-truth for positions. After 16:30, the figures on Console should reconcile with the Day’s P&L on Kite. If they differ by more than a few rupees, file a support ticket with screenshots.

See also

External references

References

  1. NSE India, Closing price methodology and bhav copy publish schedule, nseindia.com.
  2. Zerodha Support, Holdings P&L updates after market hours, support.zerodha.com.
  3. SEBI (LODR) Regulations, 2015, schedule III.

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