Ankita Jain (student) (45 Points)
05 February 2010If a share broker purchase shares today , it is assumed that he will receive the delivery of such shares after 2 days , but if suppose he came across the buyer who is agree to purchase the same shares at a high rate, whether he can sell the shares before it's actual delivery of shares or not?
kaushik
(CA)
(74 Points)
Replied 05 February 2010
Hi
It can be done once he purchases the share.
If u feel a share is sold at very high price and u feel the price of the share is going to cum down then, u can first sell the share and then buy.(even if u dont have the specified share in ur demat account,for this u will be required to pay margin)
CourseCart.in
(Mentor at SHAYVIDZ Academy)
(3756 Points)
Replied 05 February 2010
Kaushik,
I think, Ankita wanted to ask that if Mr. A buys 100shares of Reliance on Monday, then can he sell these 100shares on Tuesday? coz delivery of the shares puchased vll be on T+2 basis probably..
Vivek
(Finally passed CA Final...!!!!!)
(1097 Points)
Replied 05 February 2010
Yes... He can do... Both NSE & BSE provide option of BTST (Buy today & sell tomorrow)... In that u need not wait till T+2... U can sell before that... But if you have bought at BSE you must sell only in BSE & not NSE.... Same in NSE also....
Bijoy N.Momaya
(www.RupeeResearch.com (Eqty Advisory & Stock Broker))
(477 Points)
Replied 05 February 2010
hi..
This depends on the catagory of the shares u purchase.. Suppose you buy a counter which takes 2 days to come into ur pool thn such shares cannot be sold.. It takes 3 days for settlement of such shares. Plz brief out some detail about ur holdings so tht we can be more specific..
Thank U
CAclubindia
