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When you buy stocks and hold it overnight, we call it delivery based equity trading. You will need a trading account through which you would be buying and selling stocks. Stocks bought would be credited to your demat account and if you have sold delivery stocks, such stocks would be debited from your demat account. Saturday and Sunday are not considered as working days. Both the cases above are called as Normal settlement, but once in a while we have these situations when exchanges are open but depositories are closed.
What happens when the stock exchanges are open and depositories which hold your demat accounts are closed? It basically causes confusion and this blog is intended to educate you about the same. So the shares will be delivered to you on April 12th evening.
The issue with this is that what you bought on 9th will show in T1 holdings both on 10th and 11th. The reason being it is neither a T1 position nor a delivery position. You can sell them anytime after 12th. The following are such days for the year The days which are holidays for depositories but not for the exchange are the following for Hopefully this clarifies any query you might have on the impact of a settlement holiday when the exchanges are open.
Love playing poker, basketball, and guitar. This position got profit almost points till today. Today at about 7. The reason he was telling that I have to take the delivery of the position which is risky. I just wanted to know what care should have taken from my side to continue the position so that I will take care next time. The blog above is for equity and not for commodity. Gold futures which you trade on MCX is a compulsory delivery commodity once it hits the compulsory delivery period.
Compulsory delivery period happens 5 days before the expiry date. So what this means is that if you trade the 5th June gold future contract, 5 days before this date, gold futures goes into compulsory delivery. What this means is that during this period there is a chance of getting assigned delivery if you are holding a gold future contract. The delivery happens in Ahmedabad typically, so all of this can cause a lot of confusion and a possible loss.
Hence it is best to square off all positions of gold 5 days before the expiry and roll it over to the next expiry if you intend to continue. Explain the impact of dividend record day due to such holiday. Sorry for the late response. Check out our Brokerage calculator for this.
So we update all these on our bulletin: We will start sending out emails from next time. You can use it the same day for buying more stocks. Selling shares and buying other stocks with that money is not risky.
Buying shares and selling it before getting delivery is risky, as chances of short delivery. I am still not understanding why is settlement holiday is even considered in counting T1 and T2 quantities. In case of stocks purchased a day or 2 days before settlement holiday, why does the share vanish altogether after T1 day? For example, this year I bought a share on 9 november and 11 november was muhurat trading which was a settlement holiday.
Yep technically possible, will speak to our team and check if any other issues in implementing this. Click here to understand impact of settlement […]. Stocks purchased on 23 reflected in pi and q-zerodha. I am holding few stocks purchased on 8th of FEB. Can I sell them tomorrow considering tomorrow being Depository Holiday? Expiry settlement happens in case of Stocks also? I even called up your desk to confirm since the margin was still blocked.
One more thing, if I bought shares tomorrow 8 April, being a settlement holiday , I presume there will be no problem in selling them on Monday or Tuesday?
Sorry but what about shares bought on 8th April? Would I be able to sell them on Monday or Tuesday? Also note that there is a settlement holiday on April 08, being Gudi Padwa. However the Equity markets continue to function as normal. In lieu of the settlement holiday, shares bought on April 07, shall not be available for selling on April 08, i.
Should i able to sell these shares before completion of T1 settlement days? You can sell them. The risk of short delivery which you can read here: Unfortunately no quick way to recover. Find out more about settlement holidays and its impact on delivery based equity trading by reading our post here.
I have read this Blog. As per my understanding, stocks bought previous day of the settlement holiday will be shown as T1 holdings on the settlement day.
But, in a bulletin https: The 9th Dec is the previous trading day of the settlement holiday on 12th of Dec. I transferred some money from my commodity account to bank yesterday and till now I wanted to buy a stock and it was at super low..
The only reason for my inability to trade is — Your delay in crediting money to my account. You can work on this with a charge if needed.
Secondly, Why is transferring money from commodity to equity account is not possible? If this is govt regulation, then your withdrawal and deposit speeds must be fastened by a times. I have been trading with scottrade in the US and zerodha is no where near it in terms of quotes update.. Quotes update on the terminal is also a function of how many ticks are changing on the exchange and we are also limited by the bandwidth constraints with Indian leased line providers.
Comparing US to India may not really be the right way to do this. That said, for fund withdrawals we are working on adding an IMPS option for people who want it much faster. IMPS would cost a little extra from the bank. Yes, no issues with futures and options. I would like to buy some shares of Hind Zinc on 28th of March ,which is a settlement holiday.
Dear Nitin, I am sorry to say,but the answer provided on the matter was not true. I would be certainly entitled to get the divided if I could bought on 28th of March. Hope you people will be take appropriate care to answer such categorized questions,and may please be obliged us with,proper guidance. Dear sir, i bought mient share 50 nos ,, they allotted 50 bonus share , when it will show in my holding share list. Thanks nithin sir,i want to know that mis can do on settlemnt holiday..
You can buy in CNC and sell stocks from your holdings. Those stocks bought on Tuesday, 9th May will not be available for selling on Wednesday 10th May i. I have bought banknifty option today. Since tomorrow is expiry and settlement holiday,can I sell it tomorrow? Can i sell it during mahurat trading or i need to close it by 18th only. I bought nifty PE option and hold today..
I i sale the cnc bas share today Wednesday then when money transfer in my zerodha acc. Sir ur system of informing settlement holiday is not good….. Now I will definitely suffer a huge loss. Sir, Please ignore my last post. I bought CNC on 28th. You should have received an email and SMS from us about this as well. This information is also posted on our bulletin here. Settlement Holiday and its Impact 95 comments.
Traders, What is delivery based equity trading? What type of account is required to trade delivery based equity? What is a settlement? This means that stocks bought on April 10 Wed would not show anywhere on April 15 [Monday] and would show under Demat Holdings from April 16 Tuesday onwards. May 1, at 5: May 2, at 8: February 16, at 3: May 3, at 6: