It's upto the operators, to make omkar a best or worst IPO, but in the present market condition i Think operators will make it successful, if it opens atleast with 10 % premium...
Hello Sreedhar, Natrajan and Ravi, My friend is wants to open an online trading account. He would be using this account to buy Gold in Demat form. Considering Annual maintenance and Brokerage charges, could you please suggest which would be the best Broker to go for? Is Axis or Sharekhan a good call?
Dear Durairaj, This is for shares which go for auction.You can do BTST but there will be risk of shares going to auction .What I have mentioned is for shares which have already gone to auction.
All these days I used apply in some IPO's or buy some stocks with long term view. Now thinking of getting into doing intraday as well short term trades. I would like to learn and do some analysis before entering. Could you suggest me some online websites or guide to learn trading strategies/analysis.
That means we can't do BTST, so that if we do BTST means the shares will be automatically go for auction..? Right or else it be auctioned only after if the settlement has not made..?
Friends important change in auction shares settlement: Source :Business line
SEBI reduces auction shares settlement by a day
The SEBI has reduced the timeline for the auctioning of shares by one trading day, with effect from February 1. With this, the time involved in delivering shares to the buying broker by the selling broker in case of default due to short delivery will be brought down by one trading day.
Henceforth, all auction sessions will be conducted on the T+2 day and the respective auction settlement would be effected on the T+3 day.
In case, settlements for two different trading days (multiple settlements) happen on one day because of a bank holiday, auction for the earlier trading day would be done on that day and the auction for the next trading day would be shifted to the next day.
Earlier, the auction trading session for all short deliveries used to be conducted on the T+3 day and the settlement on the T+4 day.
For normal settlement, pay in and payout of securities and funds happen on the second trading day after the trade has been executed. Auction obligations are ascertained after completion of pay in and any shortfall in delivery is crystallised by the exchanges.