Auction

nayagam · #1 5th January 2008, 03:18 PM

I Know From My Broker, That We Can Bought Share Today And Sell It Today.but We Will Unable To Sell After Two Days From When We Bought. If We Sell Willingly It Go To Auction By The Stock Exchange. It Is True?

Then What Is Mean By Btst.

Some Body Answe My Question

MiLiNDOnline · #2 5th January 2008, 03:59 PM

Quote:

Originally Posted by nayagam

I Know From My Broker, That We Can Bought Share Today And Sell It Today.but We Will Unable To Sell After Two Days From When We Bought. If We Sell Willingly It Go To Auction By The Stock Exchange. It Is True?

Then What Is Mean By Btst.

Some Body Answe My Question

The question sounds very confusing to me , sorry

sillu_m · #3 5th January 2008, 04:22 PM

I m using sharekhan...i bot 500 zeenews at 76 on 27 dec07 and i sold these share on 31dec at rs 84...on 2jan i got an email saying that 500 zeenews share sold by u are not deliverd and have auction at rs 88.5..they deduct 44250 from my account....the shares r still in my demat account and the price is now 82.....I did not understand what the **** is this? i email them but no reply yet...can anybody explain this funda?

nayagam · #4 5th January 2008, 04:56 PM

mr . milidoline ,

if i bought share today i unable to sell the share tomorrow and day after tomorrow.

if i sell willingly then it go to auction.

what is mean by auction and why we are not allow to sell share after 2 days from the day we purchase.

logmein · #5 5th January 2008, 04:57 PM

Quote:

Originally Posted by sillu_m

I m using sharekhan...i bot 500 zeenews at 76 on 27 dec07 and i sold these share on 31dec at rs 84...on 2jan i got an email saying that 500 zeenews share sold by u are not deliverd and have auction at rs 88.5..they deduct 44250 from my account....the shares r still in my demat account and the price is now 82.....I did not understand what the **** is this? i email them but no reply yet...can anybody explain this funda?

I think its something the broker is largely responsible for. You need to speak to the branch manager for more clarity.

More importantly, did you trade on margins or was this money already in your trading account?

jrfab · #6 5th January 2008, 05:02 PM

Quote:

Originally Posted by MiLiNDOnline

The question sounds very confusing to me , sorry

yeah either he is playing tricks with english or with us

MiLiNDOnline · #7 5th January 2008, 05:05 PM

Quote:

Originally Posted by jrfab

yeah either he is playing tricks with english or with us

Hi,

I think now the question is clear, and i think it has mainly to deal with your Broker.

Catch hold of them, they will be only responsible for your Loss in such case.

MiLiNDOnline · #8 5th January 2008, 05:06 PM

Quote:

Originally Posted by nayagam

mr . milidoline ,

if i bought share today i unable to sell the share tomorrow and day after tomorrow.

if i sell willingly then it go to auction.

what is mean by auction and why we are not allow to sell share after 2 days from the day we purchase.

Thanks,

I think now the question is clear, and i think it has mainly to deal with your Broker. Catch hold of them, they will be only responsible for your Loss in such case.

MiLiNDOnline · #9 5th January 2008, 05:08 PM

Quote:

Originally Posted by sillu_m

I m using sharekhan...i bot 500 zeenews at 76 on 27 dec07 and i sold these share on 31dec at rs 84...on 2jan i got an email saying that 500 zeenews share sold by u are not deliverd and have auction at rs 88.5..they deduct 44250 from my account....the shares r still in my demat account and the price is now 82.....I did not understand what the **** is this? i email them but no reply yet...can anybody explain this funda?

Hi,

Serious issue!

WE are using ICICI Direct, and then we sell any shares using online service such as www.icicidirect.com in the ORDER Book we can immediately see whether the Order has been EXECUTED or not If the order gets executed which is a SELL Order then automatically funds gets credited to the respective account.

In case of your Broker, what is the process, you do it online? OR you give them a call to tell about selling stocks?

Regards!

jrfab · #10 5th January 2008, 05:08 PM

Quote:

Originally Posted by sillu_m

I m using sharekhan...i bot 500 zeenews at 76 on 27 dec07 and i sold these share on 31dec at rs 84...on 2jan i got an email saying that 500 zeenews share sold by u are not deliverd and have auction at rs 88.5..they deduct 44250 from my account....the shares r still in my demat account and the price is now 82.....I did not understand what the **** is this? i email them but no reply yet...can anybody explain this funda?

Hey Sillu clearly the Sharekhan guys are fu***** ard with ur A/c ,,, u better screw them 4 this ,,, If u sell the shares the next day there are chances that there wld be short delivery from the exchange and it might get auctioned ,,,, but if u sell the 3rd day then there is no problem at all and they cannot hold u responsible for short delivery ,,, I think they might have done some jol with ur shares ,,,,

Better kick their a** for this !!!!