Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 26 Jan 2015, 02:29 PM

1. If you buy using MIS 100 shares at 150, if you want to carry forward this to the next day you will have to convert it from MIS to CNC. To convert to CNC, you will be asked the entire Rs 15000. As long as you have this, you can convert, otherwise not.
2. If you have used more margin, then you can convert only to the extent that you have cash in your account.

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