I am new to the market in India but i have some experience with markets in US. In US markets when I buy 100 shares of a stock then i will get access to those 100 shares immediately and I can sell them immediately for a fixed commission or keep them for few years with out any additional charge and pay the commission only when you sell them again. However I feel that is not the same in India. As I understand when I buy 100 shares of a stock I can not sell them immediately with confidence that the buy and sell quantities will balance out and the broker will take care of the transfer of ownership for those shares between appropriate parties. I think if I do not receive the full delivery of those 100 shares then I will be responsible for the missing shares that I sold already. Is my understanding correct? If so why am I being penalized? Why wont I get the delivery of the 100 shares immediately? Is it because BSE/NSE are not electronic exchanges? Appreciate your clarification.
Thanks
Ik.
Thanks
Ik.