Comment on Consequences of Short delivery - NSE/BSE

SP commented on 28 Nov 2014, 05:03 PM

I short bhel at 282.80 and and unfortunately cant buyback it at the last moment. now it will go auction…broker tell me. t+1 day closing price is 282.10 and 2mrw (t+2) it may be below 280..so what price is taken for auction t+1 day’s closing price or t+2 ??plz help…i think i will be at huge loss, because my quantity was 1000…plz help..thanks…

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