You will notice differences between OHLC historical data on Kite charts and NSE or BSE records because Zerodha adjusts the data for corporate actions.
Corporate action adjustments
Kite modifies historical OHLC data to account for corporate actions including:
- Bonus issues
- Stock splits
- Rights issues
- Spin-offs
- Extraordinary dividends (2% and above of the underlying stock's market value)
Why the data differs
NSE and BSE websites display the precise trading prices of stocks without these corporate action adjustments. This means:
- Kite charts show adjusted prices that reflect the impact of corporate actions
- NSE/BSE records show the actual trading prices from those dates
- The adjustments ensure price continuity and accurate technical analysis on Kite charts
This corporate action adjustment helps you analyse price movements more accurately by eliminating artificial price gaps caused by corporate actions.