Why does the Last traded price(LTP) for F&O contracts change in the Kite position page before the market opens?

Your F&O contract prices change to settlement prices before the market opens. This happens when Zerodha receives the BHAVCOPY from NSE, typically between 6:30 AM and 7:00 AM the following day.

Price types explained

LTP (Last Traded Price): The most recent actual transaction price for your contract.
Closing price: Weighted average of prices during the final 30 minutes of trading on NSE.
Settlement price: For liquid contracts, this equals the closing price. For illiquid contracts with no trades in the last 30 minutes, NSE calculates a theoretical price.

You see the settlement price on your position page before market opens because it's used for margin calculations and mark-to-market adjustments.

Why does the LTP under holdings not match with the Marketwatch?
Why was my GTT order triggered but not executed?
Why does the Last Traded Price (LTP) not match the bids and offers in the market depth?
Why does my P&L on Kite change after 3:30 PM?
Why does P&L in Kite positions not match with gains on the funds page?

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