My dear Marcus,
as aca_trader mentioned in his first reply "short selling" isn't allowed in Indian excahanges just yet. Again, as aca-trader mentioned in a later post ICICIDirect does allow short selling intra-day. Here I would like to add that this is allowed only in the Margin Trading segment & not for delivery trades. This is offered by almost every broker conceivable in India, meaning that they offer multiple exposure on your trading capital for intra-day margin trading. These trades, both long or short are in the daily settlement category & have to be squared off by end of day. No deliveries to & from your de-mat account are involved.
Gist of it is.......Intra-day Margin Trading allows short selling of scrips even though your de-mat account is devoid of the stock. This essentially means you are allowed to borrow stocks to sell..........munchikana has put this in very good perspective.
as aca_trader mentioned in his first reply "short selling" isn't allowed in Indian excahanges just yet. Again, as aca-trader mentioned in a later post ICICIDirect does allow short selling intra-day. Here I would like to add that this is allowed only in the Margin Trading segment & not for delivery trades. This is offered by almost every broker conceivable in India, meaning that they offer multiple exposure on your trading capital for intra-day margin trading. These trades, both long or short are in the daily settlement category & have to be squared off by end of day. No deliveries to & from your de-mat account are involved.
Gist of it is.......Intra-day Margin Trading allows short selling of scrips even though your de-mat account is devoid of the stock. This essentially means you are allowed to borrow stocks to sell..........munchikana has put this in very good perspective.