Comment on Consequences of Short delivery - NSE/BSE

Manohar 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

View the full comment thread »