In India, we follow the T+1 settlement cycle. Simply put, if you buy a stock on Tuesday, it gets delivered to you in your demat account by Wednesday. The amusing part is that even before the delivery gets made, you are allowed to sell it.
With BTST (Buy Today Sell Tomorrow), stock is sold even before it makes it to your demat account.
Let’s say that you have bought 50 shares of Tata Motors on a Monday and sold them the next day. According to the settlement cycle, the shares you bought will be transferred to your demat account on Tues. On the very same Wednesday, 50 shares of Tata Motors will be earmarked for (Sell) delivery based on the sale that happened on Tuesday. These shares will then be debited from your account and settled on Thursday, i.e., the T+2 day.
What is a Buyback/Takeover/Delisting?
My order is getting rejected with the following error – ‘Order price is outside the trade execution range. Try placing the order again
My order is getting rejected with the following error – ‘The order was rejected to avoid self trade. Try placing the order again’.
Why was the stop loss executed even though the price did not breach the trigger?