General

Can I also sell securities pledged as margin for eg. In case prices of the securities are going up?

Yes, you can. 'A link for 'Spot Sell' appears against the 'Quantity' In the 'Pledged Securities' link under 'Shares As Margin' page. You can click on the link and then place a spot sell order. These orders can also be limit orders. In this case, the sale proceeds will be allocated automatically for F&O and Equity (you can reduce the same if required). Because of this, no reduction in securities limit occurs on placing the order. The quantity ordered to be sold will appear as 'Block for Sale'. Of course, the sale is permitted only to the extent of quantity pledged that has not already been sold either by ICICI Securities or by yourself (appearing as 'Block for Sale' in the 'Pledged Securities ' page in the F&O and Equity section). However, if there is pending ''Revocation of pledge' request out of the 'pledged quantity', the quantity in that request is not permitted to be sold. Spot brokerage is applicable on these sales. Such orders can be viewed in the Equity Order book (they will be identified as ) and modified/cancelled like other Equity orders. ICICI Securities would invoke the securities pledged in favour of ICICI Securities to debit the shares from your demat account and meet the obligations to pay-in the securities. On invocation, the 'Quantity' in the 'Pledged Securities ' page will reduce. Details of such invocations would appear in the 'Pledge Book' sub-link under the 'Shares as Margin' link in the F&O and Equity section.