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whether to sell the share or not

Ankita Jain (student) (45 Points)

05 February 2010

If 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?

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4 Replies

kaushik (CA) (74 Points)
Replied 05 February 2010

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)

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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