Comment on Consequences of Short delivery - NSE/BSE

ANKIT BAPNA commented on 27 Aug 2014, 10:03 PM

THANK YOU SIR.. FOR YOUR COMMENT..LOST AROUND 21000 RUPEES.FROM THIS TRANSACTION..SHARES GOT AUCTIONED AT 319.66.HOWEVER I WOULD LIKE TO HAVE SOME SUGEESTION FROM YOU.. I SHORTED 200 SHARES OF IGARASHI AT 271.1..THEN I TOLD MY BROKER TO PUT BUY RATE AT 269.5 BUT SHE DIDINT HEAR ME ( I CLEARLY SAID 269.5 )AND PUT THE RATE AT 265.5.WHILE PLACING THE RATE SHE SAID THAT A AM PUTTING RATE AT 265.5.NOW WHEN TTHE SHARE REACHED 269.5 I CALLED MY BROKER AND ASKER HER THAT WHETHER THE SHARE ARE BOUGHT OR NOT SHE SAID NO SIR THEN I ASKED WHAT IS THE RATE 269.6.WHEN AFTER THE TRADE HOURS WHEN I CHECKED MY TRANSACTION AND ASKED FOR AUDIO RECORDINGS THIS MISTAKE IN PUTTING RATE CAME UP.I TALKED TO HER SENIORS AFTER TWO DAYS HER SENIOR SAID THAT THE MY BROKING FIRM WILL BEAR THE LOSS DUE TO SHORT SELLING OF 200 SHARES.NOW TODAY MY BROKER SENIOR CALLED ME UP AND SAID THAT THE BROKER REPEATED THE RATE AS 265.5 AND YOU DIDT OPPOSED SO MISTAKE IS ALSO FROM YOUR END AND BROKER SO YOU HAVE TO PAY FOR HALF THE LOSSES.I CLEARY SAID I AM NOT GOING TO PAY FOR THIS LOSS.THEN HE SAID I WILL TALK TO MY SENIORS NOW TOMMOROW IS MARKET EXPIRY I AM USING THE LIMIT EQUAL TO AMOUNT OF LOSSES THAT THEY HAVE DEBITED DUE TO THE UPPER TRANSACTION .WAT SHOULD I DO.

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