Plz Help Me NOW...

#1
Hello seniors. I have done a transaction just now but cant understand whether this will lead to any problem or not.
I sold a few shares of X company. Bought a few shares of Y and Z after selling X. Now prior to this transaction i had nimimal balance in the a/c.
Now the full quantity of shares which i purchased hasnt been executed.
Also in the Margin Report its shown that Stock Margin has been utilized whereas i have cash balance in the a/c(the cash released today).
Also the buying quantity today in terms of cash is more than selling.

Now plz tell me now what exactly had happened.
Will i get the shares bought today?
do i need to sell shares inorder to meet the negative cash balance?

Thank u...
 
#5
Ok let me explain it in more detail.
I had Rs.2326.47 in the a/c
I sold 6 ongc for total rs.7143.00
I bought 2 infosys for rs. 4747.
I bought 2 tcs for Rs.4099.70.
Then total bought today is Rs.8846.7.

Now in Margin Report these are shown:
Cash Margin Available 9,469.47
Projected Ledger Balance 2,326.47
Cash Released Today 7,143.00
Stock Margin Utilized Rs. 2,945.95

Now plz tell me what exactly happened.
If i have cash balance then why Stock margin is utilized?
 

findvikas

Well-Known Member
#6
what broker you have it depends on that... for Intraday most brokers utilize stock margin first.. so you need not to worry... but if you want to take delivery then you need to have ample cash before wednesday 10-10:30am otherwise your broker can square off your positions.
 
#7
But why will the stock margin be at all utilized? I already have the cash balance by adding Cash Released Today and Projected Ledger.
My a/c is with Indiabulls.
Thanks for helping findvikas.
 

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