???book Loss

HI,
kindly tell me what do u meanby BOOK LOSS .
i have quite a few shares of GUJARAT AMBUJA EXPORTS bought at around rs. 28. the value is down to around 25 . i wanna sell them but first i wanna know what do u mean by book loss and does it apply to my case .

hi aqua2006,

When the share of the price increases compared to the rate of at which it is bought and when you sell at higher price, you book profit and similarly when you sell any share which is less than the price at which you bought that share, then you book loss..

I think this is wht you wanted to know.plz correct me if i misunderstood your question...

Regards
mohammed bin haid

thankx mohd! but how do i book loss?
do i just keep it for my records or do i have to inform someone like my stock broker/bank etc.
i am an nri and do my trading through internet through my bank.

Well aqua2006, since you are trading online and most probably with ICICI or HDFC, you can give your sell order through the online trading application.Once you give a sell order, what ever you gain or lose is credited/debited into your trading a/c ledger.

If you are not trading online and do it through phone terminal which i suppose you dont, then you need to call your broker to square off your positions.

Regards
Mohammed Bin Haid