Conspiracy by brokerages not to allow buying?

#1
What the hell, yesterday no buy orders were getting executed... in Sharekhan.

Is there some conspiracy to allow only sell orders and not buy orders...:mad::mad::mad:

This sucks man bigtime. Someone needs to bloody find out what the hell is going on.
 
#2
What the hell, yesterday no buy orders were getting executed... in Sharekhan.

Is there some conspiracy to allow only sell orders and not buy orders...:mad::mad::mad:

This sucks man bigtime. Someone needs to bloody find out what the hell is going on.
Hi Amogh,

I agree, its very frustrating.. Even on ICICI D we faced the same problems, no buying was possible.

And even on Manual (bolts) the buying wasnt happened till 2.30 as ppls were saying that the buying limits of bolts have been cut off due to fall and later on buying started by only accepting DDs and not checks

Are you facing same problem today?

Thanks.
 

jnj333

Active Member
#3
Hi Amogh,

I agree, its very frustrating.. Even on ICICI D we faced the same problems, no buying was possible.

And even on Manual (bolts) the buying wasnt happened till 2.30 as ppls were saying that the buying limits of bolts have been cut off due to fall and later on buying started by only accepting DDs and not checks

Are you facing same problem today?

Thanks.
I have bought on all last six days through ICICIDirect, I did not face much problem apart from the usual of Site becoming very slow at times.
 
#4
What the hell, yesterday no buy orders were getting executed... in Sharekhan.

Is there some conspiracy to allow only sell orders and not buy orders...:mad::mad::mad:

This sucks man bigtime. Someone needs to bloody find out what the hell is going on.

no..yesterday I was able to buy few stocks using sharkhan...did you checked your orders correctly..?
 
#5
Hi,
I have also faced the same problem yesterday in ShareKhan. For me even sell orders were not getting executed. They were in "Pending" status till EoD and got expired.

Regards,
Tintin
 
#6
This is no conspiracy.

Exchange asked the brokers to submit the margin money of monday on tuesday
Brokers on the otherhand take margin money from clients 2 days later (of monday on wed)
So on tuesday they had nothing to offer for the exchange (why would they put in money from their own pockets which their investors owe them)

When exchange didn't recieve the required money, they blocked their terminals for further buying...which inturn affected you.

ICICI D only blocked Margin trades in my case, I could buy in Cash...
But like someone said there was just the usual "slowness" during peak hours
 
H

hari09omkar

Guest
#7
This is no conspiracy.

Exchange asked the brokers to submit the margin money of monday on tuesday
Brokers on the otherhand take margin money from clients 2 days later (of monday on wed)
So on tuesday they had nothing to offer for the exchange (why would they put in money from their own pockets which their investors owe them)

When exchange didn't recieve the required money, they blocked their terminals for further buying...which inturn affected you.

ICICI D only blocked Margin trades in my case, I could buy in Cash...
But like someone said there was just the usual "slowness" during peak hours
Good explanation.
I traded long in cash yesterday,using Sharekhan.Was hell slow.They refused margin money.But they were not allowing any shortsell in cash. Speedball,have u any idea,why there were doing so?
 
#10
But they were not allowing any shortsell in cash. Speedball,have u any idea,why there were doing so?
During a bloodbath allowing short-sell can make the situation worse, as in a falling market everyone will speculate on a further fall and try to short-sell which will obviously increase the selling pressure and hence promoting the nose-dive of markets.

I'm not sure if this is a regulatory requirement or the brokers do it due to some capital adequacy constraints...All I know is that not allowing short-selling is good for investors whose money is in there :) And one day one of us can be among those!