What happens if I do not square off my MIS position by Auto Square off time?
In case, you do not close your MIS positions before the stipulated Auto-Square off time, then the equity portion of the MIS position will be auto squared-off by our system any time post 3:20 p.m. except in index options on expiry days; the currency portion of the MIS position will get auto squared-off any time post 4:40 p.m.; while the commodity related MIS position will be auto squared-off any time, as per the stipulated deadline (30 minutes prior to the closure of market hours). Please note, option contracts expiring on the same day won’t be auto squared off in equity derivatives.