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As of May 2024, T 0 is allowed against 100% margin. Fund payout will be on an as-is cycle. SR/Pledge/CUSPA/MTF stock sell is not allowed in T 0 settlement. On same day, T 0 and T 1 cannot be settled against each other. 80% of Value Sell credit will be available within 5-10 minutes. No trades from NEAT (only trades from online channels allowed). Only free stocks are allowed to be sold. No sale from products are allowed; for example, NBFC, PMS, PMS Advisory, MTF, InvesTiger.
As of May 2024, here are the differences between T 1 and T 0 settlement cycles:
As of May 2024, T 0 settlement will be available for a limited set of securities (25 stocks) and with a limited number of brokers. Trading session for T 0 stocks will be from 9:15 AM to 1:30 PM. T 0 settlement will be available only for trades done till 1:30 PM, and the settlement of funds and securities will be completed on the same day by 4:30 PM. T 0 settlement will be optional and will coexist with the existing T 1 settlement cycle.
The T 0 settlement cycle means that shares will be transferred to the buyer's account and the funds will be deposited in the seller's account on the same day of the trade. The T 0 settlement will be available only for trades done till 1:30 PM, and the settlement of funds and securities will be completed on the same day by 4:30 PM. T 0 settlement will be optional and will coexist with the existing T 1 settlement cycle (as of May 2024).
Click here to place trades from option chain.
Click here to place trades from option chain.
Big trade is a trade wherein trading is allowed only in equity segment of NSE & BSE. Positions created through this product are compulsorily settled on intraday only. No option is available to carry forward the positions taken through the product, provided you apply from MTI facility. Click here for detailed information.
Big Trade Plus (BTP) Order is a order placement facility offered by Sharekhan wherein any market order can be placed along with a Stop Loss Order. BTP order allows the client to take leverage as per his / her risk appetite along with the benefit to limit the downside. One can take an intra-day position with such orders which blocks lesser margin than other product. Click here for detailed information.
Click here to apply for bonds.
1) Customer places a bracket order such that the parent order (LEG1) is placed with two cover order of the same quantity, ie Book Profit trigger Order (Exit at target)(LEG2) and Loss Exit Order (LEG3). 2) The parent order (LEG1) is immediately send to exchange, were in book Profit trigger order (LEG2) and Loss Exit Order (LEG3) are at the Mirae Asset Sharekhan Application Level. 3) Once the parent order (LEG1) is executed, the book Profit trigger Order (LEG2) and Loss Exit Order (LEG3) are considered for viable condition, ie the condition to check LEG2 and LEG3 touching the market rate. 4) Once viable condition favors, either of the cover order, ie Leg2 or Leg3 is generated and placed to exchange for squaring off the position. For eg: A normal Buy order placed at Rs10 can be bracketed with a higher Sell order at Rs15 (Profit Booking Order) and a lower stop-loss order at Rs9-Rs8 limit.
Once the book profit trigger order (Leg2) is fired as and when the price is reached, system will try to exit position at best available price. bracketing stops immediately and the stop-loss order (Leg3) gets cancelled automatically. Important notes: 1) In bracket order, book profit trigger order or stop-loss order is triggered as and when the price is reached, which may or may not be executed at the exchange. 2) In bracket order, post fully execution of Leg 1 order only, book profit trigger order (Leg2) or stop-loss order (Leg3) is fired for squaring off the position. 3) In bracket order, once the Leg 2 or Leg 3 order (ie Squared off order) is fired, the life cycle of bracket order is completed.
In order to place an order you need to follow the below steps: WEBSITE: Enter your login credentials and select Currency in drop down 'Trade Now' click on Trade Now >>Currency>>Select the order form>> fill the order details and enter the trading password and place the order. TRADE TIGER: Enter your login credentials> Select the Scrip > Right Click and Select Buy / Sell / Short Sell> Fill the Order Form > Place New Order. Click here for an interactive one to one demo session on our Trading Products.
Click here to place big trade plus order.
In order to place an order you need to follow the below steps: WEBSITE: Enter your login credentials and select Currency in drop down 'Trade Now' click on Trade Now >>Currency>>Select the order form>> fill the order details and enter the trading password and place the order. TRADE TIGER: Enter your login credentials> Select the Scrip > Right Click and Select Buy / Sell / Short Sell> Fill the Order Form > Place New Order. Click here for an interactive one to one demo session on our Trading Products. Click here for an interactive one to one demo session on our Trading Products.
In order to place an order you need to follow the below steps: WEBSITE: Enter your login credentials and select Currency in drop down 'Trade Now' click on Trade Now >>Currency>>Select the order form>> fill the order details and enter the trading password and place the order. TRADE TIGER: Enter your login credentials> Select the Scrip > Right Click and Select Buy / Sell / Short Sell> Fill the Order Form > Place New Order. Click here for an interactive one to one demo session on our Trading Products.
Sell against margin order is an order whereby you can sell something that you do not own. More specifically, a short sell is the sale of a security that isn't owned by you, but that is promised to be delivered. We provide the option of selling shares against a margin without holding the shares in the demat account. Shares sold against a margin have to be compulsorily bought back on the same trading day before the closure of the market, else such shares should be made available in your demat account before pay-in. Otherwise, the shares get auctioned.
Click here to redeem the holdings purchased via other distributors.
Click here to redeem the total Mutual Fund holdings.
When customer places a MYGTD Order with a validity Date, it’s an instruction given to Sharekhan stating that if Order Qty is not Fully Executed, Sharekhan is authorized to place fresh orders for the unexecuted quantity in Customer’s account on the subsequent trading days till the entire quantity is executed The feature allows you to specify the number of days for which you wish to place the orders. This MYGTD order will remain valid but will be expired at the end of every trade date if the order remains unexecuted and if not cancelled or rejected .At the end of day, after market hours, Sharekhan will place overnight orders on customer’s behalf at the same limit price and for the unexecuted quantity for the next trade date provided order validity date is less than or equal to the next trade date. For example, On trade date 12-10-2012, if an order with MYGTD order validity to buy 100 shares of ACC at a Limit price of Rs.1400 with order validity date 20-10-2012. Hence your MYGTD order will be valid till 20-10-2012 if not fully executed. If MYGTD order validity date falls on a non-trading day, the order will expire on the last trading day, which falls prior to such order valid date, which is a non-trading day.
Since a bracket order with MyGTD is placed. system will place MyGTD order every day till validity date or track completed. However since user have sold shares from his DP, bracket child order will be rejected when CMP reaches the order price. Hence, it is advisable to cancel MyGTD bracket order if user places a fresh sell order from his DP.
MYGTD is a new facility offered by Sharekhan Ltd using which you can place buy and sell Limit orders in scrips of your choice specifying the period for which you want the order instruction to be valid. The period selected by you should be within the maximum validity date defined by Sharekhan Ltd.
If your MYGTD order remains unexecuted and is not cancelled, nor rejected due to any reason then daily orders for the unexecuted quantity will be placed as overnight orders by Sharekhan during the validity period, i.e. until the order validity date is less than or equal to the next trade date.
Click here to apply for OFS.
The After Hour Sessions enable you to place orders even when the market is closed. Benefits of After hour orders. It is for those customers who are busy during market hours but wish to trade. You can plan your orders at leisure after doing research before the market opens the next trading day. For Equity segment after hour window get opened around 6 PM till 9 PM and from 11PM to 8.58 AM the next trading day.
In order to place an order you need to follow the below steps: WEBSITE: Enter your login credentials and select the drop down 'Trade Now' click on Bracket Order >>Select the order form>> fill the order details and enter the trading password and place the order. TRADE TIGER: Enter the login id, membership and trading password > Select the Scrip > Right Click and Select Buy / Sell / Short Sell> Fill the Order Form > Place New Order. SHAREKHAN MINI: m.sharekhan.com > Trade Now > Enter the login id, membership and trading password > Trade Now > Select the scrip > Fill the Order Form > Place Order. Click here for an interactive one to one demo session on our Trading Products.
Bracket order is a feature for the users whereby the user can limit their loss and lock-in a profit by 'bracketing' an order with two opposite-side orders. A Buy order is bracketed by a high-side sell limit order and a low-side sell stop order. A Sell order is bracketed by a high-side buy stop order and a low-side buy limit order. The order quantity for the high- and low-side bracket orders matches the original order quantity.
A Cover Order is a market order that is placed along with a Stop Loss Order. In a Cover Order the buy/sell order is always a Market Order that is accompanied with a compulsory Stop Loss order, in a specified range as pre-defined by the system, that cannot be cancelled.
Margin requirement would depend upon the scrip margin which is pre decided by our risk & compliance team. Click here to check the scrip margin.
MYGTD order is an order which you can place buy and sell Limit orders in scrips of your choice specifying the period for which you want the order instruction to be valid. The period selected by you should be within the maximum validity date defined. Click here to know more.
You can check the status of your orders placed online by following the below steps: WEBSITE: Login >> Select Equity >> Reports >> Order Book (To check order placed in Cash Segment). Login >> Select Derivatives >> Reports >> F&O Order (To check order placed in F&O segment). TRADE TIGER: Login >> Reports >> Cash >> Orders (To check order placed in Cash Segment). Login >> Reports >> Derivatives > Orders. (To check order placed in F&OSegment).
Order can be placed during and after market hours, click here to check the timings.
A Stop loss order allows the client to place an order which gets activated only when the market price of the relevant security reaches or crosses a threshold price specified by the investor in the form of 'Stop Loss Trigger Price'. When a stop loss trigger price (SLTP) is specified in a limit order, the order becomes one which is conditional on the market price of the stock crossing the specified SLTP. The order remains passive (i.e. not eligible for execution) till the condition is satisfied. Once the last traded price of the stock reaches or surpasses the SLTP, the order becomes activated (i.e. eligible for execution by being taken up in the matching process of the exchange) and then on behaves like a normal limit order. It is used as a tool to limit the maximum loss on a position.
Shortsell order is an order whereby you can sell something that you do not own. More specifically, a short sell is the sale of a security that isn't owned by you, but that is promised to be delivered. We provide the option of selling shares against a margin without holding the shares in the demat account. Shares sold against a margin have to be compulsorily bought back on the same trading day before the closure of the market, else such shares should be made available in your demat account before pay-in. Otherwise, the shares get auctioned.
Click here to place trailing stop loss order.
Different types of orders are market orders, limit orders, stop-loss orders, Trailing stop loss orders, My GTD orders and Bracket orders. To place you order, click here.
The Settlement for Equity Delivery (payin of shares to the exchange) takes place on T 2 basis. It means the shares bought on “T” or Trading day (e.g. Monday) are to be received by the Buyer on T 2 day (i.e. Wednesday). Similarly the shares sold on “T” (e.g. Monday) are to be delivered to the exchange by the seller on T 2 (Wednesday) to get the proceeds (cash) from the sale. The failure of the seller to deliver the shares to the buyer on T 2 as obligated is called Short Delivery.
Yes you have to square off your short position on the same day. If you do not buy the shortsold shares on the same trading day of Shortsell, then you have to arrange for the delivery of these shares in your demat account on the second working day. Failing to do so, these shares will go in for auction and the auction debit charges will have to be borne by you. Also, approximately 130% of the Traded value i.e. as per T day or T 1 day Closing price ( whichever is higher ) will be blocked in your trading limit till the auction is settled.
The outstanding balances in your account for purchases made on margin money needs to be cleared by T 2nd day failing which our compliance team may be constraint to take compliance action. This is applicable even if the account runs into a risk prior to the pay-in day i.e. T 2 in order to cover the risk in the account. For further details on Auto Square Off click here.
In case your account runs into a debit balance you would be liable to pay delay –in-payin charges (Interest) @18% p.a. Also note that the shares held by you would be auto squared off in case of non-payment of dues on timely basis. For further details on Auto Square Off click here.
1) Customer places a Sell trailing stop-loss order with a stop-loss price of Rs48 and limit price of Rs45 having trailing price as Rs2 to be maintained with the market rate Rs50.This order is send to exchange immediately as normal stop-loss order. 2) This stop-loss price ie Rs48 is trailed only when the market moves upward from Rs50, such that Rs2 is maintained with the current market rate. This trailing is done at the Sharekhan Application Level. 3) As soon as the market moves downwards, such that it reaches the trailed stop-loss price ie after the market rate reaches Rs60, if it falls to Rs58(trailed stop-loss price). The condition becomes viable for trigger and the order is modified from the stop-loss to limit order at Rs55 in exchange.
Trailing stop-loss order is a feature for the users whereby the user will be able to place a stop-loss order, which can be trailed to maintain the precise price below or above the market price. This stop-loss order will be adjusted continuously on the basis of fluctuations in the market price, thereby maintaining the same price below or above the market price. This is called as trailing stop-loss order.
Once the stop-loss trailing order is triggered and sent to exchange, the trailing would stop immediately irrespective of whether it’s executed at the exchange. Important notes: 1) In trailing stop-loss order, the book profit trigger order or stop-loss order is triggered as and when the price is reached, which may or may not be executed at the exchange. 2) In trailing stop-loss order, the book profit trigger order is triggered as and when the price is reached . system will try to exit position at best price.
Partly executed order means that your order is not completely executed in a single transaction (if insufficient shares are available at your limit price or there isn't a buyer for all of the shares you wish to sell), part of your order will remain on the market until it is executed or expires.
Order Validity Date means the date chosen by customer while placing Cash orders with MYGTD order validity. This date has to be equal to or less than the maximum validity date defined by Sharekhan Ltd For example, if the maximum days defined by Sharekhan are 30 days then the order validity date can be less than or equal to trade date plus 30 calendar days. If the trade date is December 15, 2012 then you can choose the MYGTD order validity date as less than or equal to January 16, 2013.