Comment on Consequences of Short delivery - NSE/BSE

Nithin Kamath commented on 08 Oct 2015, 09:33 PM

1. Hmm.. don’t think they will be able to do any internal auction as such. If they as a broker on sitting on L&T stocks on their prop book, they could make good of the delivery. But don’t think it will happen. But what you need to find out from them is that how did the platform let you shortsell for 1000 when u had only 100 shares in the account. Ideally their systems should have blocked this order.
2/3. Don’t think you have to be worried much about this, especially since L&T is like a pedigree stock. My guess is that if any impact will be minimal. Let us know once u get the auction note on what was the price at which the auction happened.

Yep SLBM is still a few years away from becoming popular in India.

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