1. Is it possible to buy shares from an online trading account as soon as markets open..say immediately after 9 AM? How much time will it take for the transaction to be completed for intraday trading?
2. Is there a minimum number of shares that a trader has to purchase? I am looking to start on a very small scale (around Rs 10k) and i am thinking of spreading it around rather than concentrate on just one or two companies..also at that limit, i can only purchase 2 or 3 shares of biggies. I think i read somewhere that you have to purchase a minimum of 5 or 10 shares?
3. Really confused about brokerage and other fees. Copy pasting the example given in the Sticky above:
Share: UNITECH LTD
No of Shares brought: 200
Buy Price: 147.85
Total Amount: Rs: 29570
Brokerage: Rs: 15
Service Tax: Rs:1.86
NET COST OF BUY: Rs: 29586.86
What about Security Transaction Tax and Stamp Duty. My question is...say an hour or so after the market opens, the Unitech share price increases to 150...and i sell all my shares. So i should be getting Rs 30,000 for those shares. But how much money am i really getting? Can someone please take the time to walk me through what all deductions will take place when i sell the shares?
2. Is there a minimum number of shares that a trader has to purchase? I am looking to start on a very small scale (around Rs 10k) and i am thinking of spreading it around rather than concentrate on just one or two companies..also at that limit, i can only purchase 2 or 3 shares of biggies. I think i read somewhere that you have to purchase a minimum of 5 or 10 shares?
3. Really confused about brokerage and other fees. Copy pasting the example given in the Sticky above:
Share: UNITECH LTD
No of Shares brought: 200
Buy Price: 147.85
Total Amount: Rs: 29570
Brokerage: Rs: 15
Service Tax: Rs:1.86
NET COST OF BUY: Rs: 29586.86
What about Security Transaction Tax and Stamp Duty. My question is...say an hour or so after the market opens, the Unitech share price increases to 150...and i sell all my shares. So i should be getting Rs 30,000 for those shares. But how much money am i really getting? Can someone please take the time to walk me through what all deductions will take place when i sell the shares?
