Comment on Consequences of Short delivery - NSE/BSE

kirankumarr commented on 24 May 2017, 10:26 AM

Hi,
I have following doubt
1)Let say,I am having 50k amount in my account and I did an intraday transaction.For e.g. I sold X scrip of 500 quantity @ 100 Rs each share which is equivalent to 50K. Unfortunately the price of scrip X went high and trading @ 105 Rs and which I dont want to buy @ 105 Rs.
In this situation can I convert my intraday positions of 500 quantity to Deliver? And what are the consequences?

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