Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 09 Nov 2014, 09:34 PM

Chitra, the entire equity business at the exchange works on a T+2 day basis. So what this means is that, if you buy you get the shares after T+2 days afternoon, and if you sell the shares get debited latest by T+2 day morning. This is the reason you are able to short shares in intraday even when you don’t hold shares in your demat account. As long as you buy back before the end of the day there is no issue as such.

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