Short credit in Shares

[srisrini]

Dear JDM Sir

Thanks for the NSE link.

It seems that the shortages in shares can be bought in. if not, then a cash settlement is made which is the highest price plus 20 %.

With regards.

Srisrini

 

[SavantGarde]

JDM Is Right You Broker Has Pocketed The Profit & Bought The Deficit Qty. Of Shares & Credited It To Your Account.

Which In My Opinion Is Not Correct.

Now What You Should Do Is Mention It As A Matter Of Fact That What They Have Done Is Highly Irregular & That You Should Have Been Credited With The Money For The Closeout.

All This Should Be Addressed To Them In A Email & As P.S. Mention CC Sent To BSE or NSE (Depending Where Your Initial Trade Was)
& CC Sent SEBI

(Even If You Do Not Send The CC To The Exchange & SEBI...

SavantGarde

Dear Savant,


Here is the message i got from the broker :-

For NSE settlement number 2008041 there is a short delivery of 20 share/s of TATAMOTORS. These shares may be received through Auction on or after 29-Feb-08. And the payout / closeout would be credited by 04-Mar-08.


Now on 4th March shares are credited to my account and nothing more. What can be method to check if i shall get something.
Rajeev

 

[rajeshn2007]

even corporate brokers like sharekhan dont give the auction credit. they pocket it and credit the shares alone.

 

[kirtibas]

Re: Stocks To Keep A Close Eye On

Hi Chennai,

Understand That You Make 20% Minimum Even If The Share Price Goes Down From Your Purchase.

Contract Note Is Generated By Broker With Details Of The Trade Received From The Exchange

Happy & Safer Investing

SavantGarde

sir i bot 120 PUNJLLOYD EQ average @247.70 in Monday 27/07/2009
y'day(29/07/09) they called me and said me i get auction credit of 95 shares until today morning it show i get 25555/- cr to my a/c now it showing cr amount 24,681.00/- Cr
i want to know wat should be my cr amount?

 ORDERNO   [I]2009137[/I]   TRADE NO  [I]284[/I]     TRD TIME    [I]11:00:00 [/I] SCRIPNAME  [I] PUNJLLOYD    EQ[/I]       SALE QTY [I]95 D[/I]      RATE [I]259.80[/I]          TOTAL [I]24681.00[/I]

WHEN I TRY TO VERIFY here where i get 16digit nse code??

angel broking wast backoffice im experiencing some time it show i have Total Value Of Portfolio: 4108475.75 some time it shows 10900.20

plz help me

kirtibas

 

[kirtibas]

Re: Stocks To Keep A Close Eye On

sir i bot 120 PUNJLLOYD EQ average @247.70 in Monday 27/07/2009
y'day(29/07/09) they called me and said me i get auction credit of 95 shares until today morning it show i get 25555/- cr to my a/c now it showing cr amount 24,681.00/- Cr
i want to know wat should be my cr amount?

 ORDERNO   [I]2009137[/I]   TRADE NO  [I]284[/I]     TRD TIME    [I]11:00:00 [/I] SCRIPNAME  [I] PUNJLLOYD    EQ[/I]       SALE QTY [I]95 D[/I]      RATE [I]259.80[/I]          TOTAL [I]24681.00[/I]

WHEN I TRY TO VERIFY here where i get 16digit nse code??



plz help me

kirtibas

Savant sir waiting for ur valuable reply :thumb::thumb:

 

[SavantGarde]

Re: Stocks To Keep A Close Eye On

Hi Kirtibas,

Your CLOSEOUT Would Be Scheduled For Friday Based On T+5 If You Have Bought It On Monday.

They Have Just Generated This Contract Note In Their Office.

Anybody Who Has Any Queries For Auction/Closeout Please Check NSE Website For Details.

It Has Already Been Discussed In Detail In This Thread With Links.

Happy & Safer Investing

SavantGarde

Savant sir waiting for ur valuable reply :thumb::thumb:

 

[kirtibas]

to the continuation to this post http://www.traderji.com/equities/10035-stocks-keep-close-eye.html#post343830

i contact to my broker house regarding the auction cr
they told me the auction T+3 highest value of that day and amount will be 7% of that amount
its an internal auction to there broker house. i cant understand what is called internal auction
i purchased PUNJLLOYD @ average of 247.70 in Monday 27/07/2009
got auction Cr @259.80


very confusing reply the angels are giving me
plz
need advise from experts

br

kirtibas

 

[SavantGarde]

Hi Kirtibas,

In No Uncertain Terms Send Them An Email Including Their Supervisor That You Are Making The Complain To The Exchange.

There Is Nothing Like Internal Auction.

It Is All A Ploy For Them To Pocket The Extra Money, Auction Is T+5

There Is No Auction T+3

Once You Get The Complain To The Exchange They Will Give Them A Deadline Beyond Which They Will Be Fined Rs.500 Per Day Which Again You Become The Beneficiary Of That Too.


Happy & Safer Investing

SavantGarde

to the continuation to this post http://www.traderji.com/equities/10035-stocks-keep-close-eye.html#post343830

i contact to my broker house regarding the auction cr
they told me the auction T+3 highest value of that day and amount will be 7% of that amount
its an internal auction to there broker house. i cant understand what is called internal auction
i purchased PUNJLLOYD @ average of 247.70 in Monday 27/07/2009
got auction Cr @259.80


very confusing reply the angels are giving me
plz
need advise from experts

br

kirtibas