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Short Selling

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Querist : Anonymous

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Querist : Anonymous (Querist)
03 December 2010 If i book order for short selling , upto what time i need to square up(Purchase) ???
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ALLU

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ALLU (Expert)
04 December 2010 HI

NORMALLY THEY (BROKERS) GIVE U TIME FOR THE T+1 (NEXT DAY),,,,MOST PROBABLY EARLY HOURS OF TRADING


OR ELSE

ON T+2 THEY THEMSELVES DO THE PURCHASE (REQUIRED ) INSPITE OF LOSS OR GAIN IN UR PORTFOLIO
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Querist : Anonymous

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Querist : Anonymous (Querist)
04 December 2010 what is rule as per SEBI???
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Rasesh

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Rasesh (Expert)
19 December 2010 The transaction has to be squarred off on the same day. If the transaction is not sq. off by 3:00, the broker would himself sq it off. If no deal happens in shares, then the buy call has to be auctioned.
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