transfer of Equity shares

hi,
mr. venkatesh (individual assessee)
purchase value-Rs58,500(bought on Jan 2017)
value on 31st march2017 Rs 51000.
in the above context,
on 31.03.2017 if shares are transferred to his brother deemat account, then can I claim loss on transfer.

(Note-shares are transferred on 31st march & delivered to his brother account on the same day )
please advice.