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Auction and Close out

This query is : Resolved 

25 March 2009 what does "Auction" and "close out" means in share market?when it arises?

31 March 2009 Auction means in share market: if u have sold some shares in cash market and not able to deliver...u have to buy from a speical window which is called auction market ..the seller in the market may quote price 20% higher then the prevailing market price

27 June 2009 Agree with Expert.

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