Comment on Consequences of Short delivery - NSE/BSE

Thirumal commented on 14 Aug 2021, 08:31 PM

I had short sell through MIS order 7000 shared at 460 rupees in VIP industries,but the stock hits upper circuit at 462.95 rupeess,so that Couldn’t able to square off the position on Thursday.My account opening balance is around 5.7lakhs but now showing -89k.May I know the leverage and penalties for the short sell.When the auction finalised amount can be settled into demat amount??.

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