General

What happens if my Intraday Buy/Sell position is not closed at the end of the trading day?

If your intraday position is not closed before market close for reasons not limited to technical issues, connectivity failures, or if the scrip hits a circuit — here is what typically happens:

A. Open Buy Positions

a. On T+1 day (next trading day after the transaction), the position will be converted into a delivery trade, subject to sufficient credit balance in your ledger across all segments.

b. If sufficient balance is not available, shares equal to 120% of the outstanding debit will be auto-pledged in your demat account in favour of ISEC CUSPA on T+1 day.

c. You must clear the outstanding dues by the end of trading on T day (same day as the trade). If not cleared, your Delivery / MTF / SAM / CUSPA open position may be liquidated on or after T+2 day (second trading day after the transaction) to the extent of pending dues.

Example:If you have an Intraday/Bracket Buy Position of 500 shares in ABC Ltd open at market close:

a. With sufficient ledger balance, the position will convert to delivery, and securities will be credited to your demat account on T+1 day (the next trading day).

b. If you bought stocks worth ₹1,00,000 and have an outstanding debit of ₹50,000, then stocks worth ₹60,000 (120% of debit) will be auto-pledged in favour of ISEC CUSPA. The remaining ₹40,000 worth of stocks will be credited as free balance.

c. You will need to clear the dues by the end of T day, else your open positions under Delivery / MTF / SAM / CUSPA may be liquidated on or after T+2 day to cover the pending dues.

B. Open Sell Position

a. If free shares are available in your linked demat account (full or partial quantity), they will be debited to meet the pay-in obligation for the respective settlement, to the extent of available shares.

b. If shares are not available in your demat, the position will be subject to exchange auction on T+1 day. Short quantity will be settled through auction on T+3 day (third trading day after the transaction), along with applicable penalty/auction charges.

Example:If you have an Intraday/Bracket Sell Position of 500 shares in ABC Ltd open at market close, but only 300 shares are free in your demat:

a. 300 shares will be adjusted against the sell obligation.

b.The remaining 200 shares will be taken to an exchange auction on T+1 day and settled on T+3 day with penalty/auction charges.