Hi,
I am new to the world of equity trading. I am having account with Motilal. Today I bought TCS Future. In the contract wordings were "FUTSTK TCS27 Apr 2006" at Rs. 1942. My broker told me that I can sell this till 27th April, otherwise it will expire. Now I will have to .10 brokerage twice i.e. at the time buying and selling, which would sum up approximately Rs. 900.
Now on www.geojit.com, they mentioned only Rs. 75 brokerage per contract. I am unable to believe this rate. Could someone confirm, whether the abovementioned TCS lot (FUTSTK TCS27 Apr 2006) that I bought today, will attract only Rs. 75/- in case of Geojit account. Is it true or I am interpreting wrongly.
Thanks in advance.
Regards
Ashish
I am new to the world of equity trading. I am having account with Motilal. Today I bought TCS Future. In the contract wordings were "FUTSTK TCS27 Apr 2006" at Rs. 1942. My broker told me that I can sell this till 27th April, otherwise it will expire. Now I will have to .10 brokerage twice i.e. at the time buying and selling, which would sum up approximately Rs. 900.
Now on www.geojit.com, they mentioned only Rs. 75 brokerage per contract. I am unable to believe this rate. Could someone confirm, whether the abovementioned TCS lot (FUTSTK TCS27 Apr 2006) that I bought today, will attract only Rs. 75/- in case of Geojit account. Is it true or I am interpreting wrongly.
Thanks in advance.
Regards
Ashish