Comment on Consequences of Short delivery - NSE/BSE

Jayant Mohite commented on 20 May 2014, 10:18 PM

Hey nithin,
I did intraday short selling of irvcl shares (2000) @ 24.1 which by the way was the upper circuit.today also the share had hit UC @ 26.5..i had 100 shares bought @ 46.65 in my demat.now these 100 shares were debited from my account.
What happened to these 100 shares.
What happens when one does not have enough money to pay for auction penalty.how does a broker firm charge their clients.
I am very worried as i would roughly lose 30k and i dnt have this much money to pay back..what will i do.. please help..
Regards,
Jayant

View the full comment thread »