Short Selling
This query is : Resolved
Vijay Kumar
(Querist)
23 March 2011
Hi,
I sold 100 Kamath Hotels Shares @ 96 and put a Stop Loss but the Shares suddenly Jumped and went on to had a upper circuit.
And i wasnt able to buy the same
My Broker told me that i will have to pay some penalty for it
Pls tell me what will be the consequences of it now?
Is it a normal thing that happen??
Pls reply at earliest!
I sold 100 Kamath Hotels Shares @ 96 and put a Stop Loss but the Shares suddenly Jumped and went on to had a upper circuit.
And i wasnt able to buy the same
My Broker told me that i will have to pay some penalty for it
Pls tell me what will be the consequences of it now?
Is it a normal thing that happen??
Pls reply at earliest!
24 March 2011
HI
AS PER YOUR DESCRIPTION, I CAME TO KNOW THAT IT WAS SHORT SELLING
FIRST : SELL (AT HIGHEST RATE)
SECOND : BUY (AT LOWEST RATE)
BUT IN YOUR CASES MARKET AND THAT PARTICULAR SCRIPT HAS GONE UP AND YOU HAVE NOT BOUGHT ANY SHARES ............? DIDN'T YOU?
IN THIS CASE ON THE T+2 (10:AM)BASIS THE BROKER WILL TAKE CARE AND BUY FROM STOCK MARKET THROUGH AUCTION AND 100 SHARES WILL BE YOURS
BUT ON THE T+2 YOU CAN MAKE PROFIT OR LOSS DEPEDNING UPON THE SCRIPT VALUE , Rs 93 you get profit Rs 98 you will loss
AND YOUR SHARES WILL BE BOUGHT BY "ADDING BORKERAGE " AND "INTERST CHARGES "
REGRADS
ALLU
AS PER YOUR DESCRIPTION, I CAME TO KNOW THAT IT WAS SHORT SELLING
FIRST : SELL (AT HIGHEST RATE)
SECOND : BUY (AT LOWEST RATE)
BUT IN YOUR CASES MARKET AND THAT PARTICULAR SCRIPT HAS GONE UP AND YOU HAVE NOT BOUGHT ANY SHARES ............? DIDN'T YOU?
IN THIS CASE ON THE T+2 (10:AM)BASIS THE BROKER WILL TAKE CARE AND BUY FROM STOCK MARKET THROUGH AUCTION AND 100 SHARES WILL BE YOURS
BUT ON THE T+2 YOU CAN MAKE PROFIT OR LOSS DEPEDNING UPON THE SCRIPT VALUE , Rs 93 you get profit Rs 98 you will loss
AND YOUR SHARES WILL BE BOUGHT BY "ADDING BORKERAGE " AND "INTERST CHARGES "
REGRADS
ALLU
Message likes :
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Vijay Kumar
(Querist)
24 March 2011
First of All!
Tanx for the reply
But in practical does anyone actually get profit by such auction
Tanx for the reply
But in practical does anyone actually get profit by such auction
ca cs shriyans jain
(Expert)
03 April 2011
Yes one can get profit on auction too. But charges made by the broker r so hefty that it offsets ur profits.
ca cs shriyans jain
(Expert)
03 April 2011
Yes one can get profit on auction too. But charges made by the broker r so hefty that it offsets ur profits.
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