My name is Devan!!!I am into trading for the past two months.I have got a query to be clarified.There was an allotment shortage for 210 shares.These shares weren't available in the auction.Hence the exchabge has closed out the transaction.Meanwhile I have not received 210 shares in my DP account.
My query is as follows:-
A. Should I not avail the credit for the 210 shares from the broker?
B.The broker says I sold the shares in the next day.Therefore the credit which was available to me has been cancelled.Also,there is also another version given by the broker saying that since I had a debit balance as on the dae of fund credit,it has been adjusted against it.
c.My point is as per the rules shouldnt the fund credit be made available to me for 210 shares which I have not received in my DP account.
D.The broker says as per the original transactiion I had bought on 18th and sold it on 19th therefore the credit available to me stands cancelled.
E.The broker debits me with amount at which the transaction has been closed out in the NSE.But luckily for me the share price went up like anything so there is a profit involved
685 * 210 = 143850 (the rate it which has been closed out in the exhange)
727 *210 = 152670 (the closing price of the share as of today)
My balance profit is as follows Rs 152670 - Rs.142850 = 8820 should be my credit.
Please throw light on the matter.
My query is as follows:-
A. Should I not avail the credit for the 210 shares from the broker?
B.The broker says I sold the shares in the next day.Therefore the credit which was available to me has been cancelled.Also,there is also another version given by the broker saying that since I had a debit balance as on the dae of fund credit,it has been adjusted against it.
c.My point is as per the rules shouldnt the fund credit be made available to me for 210 shares which I have not received in my DP account.
D.The broker says as per the original transactiion I had bought on 18th and sold it on 19th therefore the credit available to me stands cancelled.
E.The broker debits me with amount at which the transaction has been closed out in the NSE.But luckily for me the share price went up like anything so there is a profit involved
685 * 210 = 143850 (the rate it which has been closed out in the exhange)
727 *210 = 152670 (the closing price of the share as of today)
My balance profit is as follows Rs 152670 - Rs.142850 = 8820 should be my credit.
Please throw light on the matter.