Comment on Consequences of Short delivery - NSE/BSE
commented on
22 May 2014, 09:50 PM
Hi Nithin,
How i would have have minimised my loss
ading Account No: 779905
Reference: “Our letter dated 21-May-14 intimating you about Seller Shortage for trades done on 19-May-14.
Dear Sir,
This has reference to our letter dated 21-May-14, intimating you about Seller Shortage of 16000 share/s of “IVRCL LIMITED” transaction done by you on 19-May-14.
As informed in our earlier letter that there was a Seller Shortage & Settlement of the said trade was deferred till Auction Settlement Date.
On Auction day, since there was a Seller shortage, Rs.507760 (Rs.31.74 X 16000 share/s) was Debited to your Savings Account as Auction Debit for NSE Settlement No. 2014092.
i have lost 1,50,000 as i have short sold IVRCL @ 22.65 on Monday