Comment on Consequences of Short delivery - NSE/BSE

Nick Cheema commented on 18 Jul 2014, 01:09 PM

@Nithin,

Being the CEO of a brokerage firm, you can’t use certain words to best describe this situation but I definitely will. This upper circuit and auction are a type of scams used by exchanges to legally (although virtually) rip people off their money. Traders can lose upto 20% more than the closing price of stock (on day T+!) is simply a scam. No wonders why Indian stock exchanges never managed to become one of the largest exchanges in the world. Just because of these gray/ fishy practices. I am a tiny investor as compared to big boys but thousands of investors like myself also make a size able portion. Anyways, this was the last time I invested in India. Not any more. But I would like to appreciate Zerodha’s excellent customer service. I was being assisted by Kiran Kaur and she is simply an amazing employee of yours. I would score her 9.5/10 for her customer service skills.

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