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    Intraday Trading

    What would be the brokerage charged if I buy and sell shares same day in Equity Delivery?

    For stocks purchased under delivery and sold on the same day on the same exchange, where the net position(s) are zero for the same stock, the trade will be charged at the Intraday brokerage rate.

    For transactions that are partially squared off where the net position at end of day is not zero, brokerage will be applicable as per the existing brokerage plan.

    Let us understand brokerage charges applicable under various scenario under Prime Plans and iVALUE plan:

    Scenario 1: Prime customers: Same day Square-Off (Full Quantity): Delivery

    Mr. A buys 1000 shares of XYZ Ltd in delivery on NSE and sells all 1000 shares on the same day on NSE.

    Brokerage: Intraday brokerage rates will be applicable.

    Below is a comparative analysis of brokerage applicable currently and going forward:

    A. Buy and Sell in same stock - same exchange

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    Revised Brokerage*

    0.007%

    ABC Ltd Buy NSE 10,00,000 700 70
    ABC Ltd Sell NSE 10,20,000 0 71.4
    Brokerage Cost 700 141.4
     
    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
     
    B. Buy and Sell in same stock - different exchange 
     
    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    ABC Ltd Buy NSE 10,00,000 700
    ABC Ltd Sell BSE 10,20,000 0
    Brokerage Cost 700
     
    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 %)

    Please note that, if you buy shares on NSE, you must also sell them on NSE. Similarly, if you buy on BSE, you must sell on BSE (resulting in zero net position) to avail the brokerage benefit. 


    Scenario 2 : Prime customers: Same-Day Square-Off (Full Quantity) in Multiple Orders

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    Revised Brokerage*

    0.007%

    ABC Ltd. Buy NSE 10,00,000 700 70
    ABC Ltd. Sell NSE 500,000 0 35
    ABC Ltd. Sell NSE 520,000 0 36.4
    Brokerage Cost 700 141.4

    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)

    If shares are bought in a single order and sold through multiple sell orders, brokerage is applicable on each sell order placed.


    Scenario 3: Prime customers: Same-Day Square-Off (Partial Quantity)

    Mr. A buys 1000 shares in delivery of XYZ Ltd and sells 500 shares on the same day on the same exchange.

    Brokerage: Delivery brokerage rate applicable on first leg as per existing process.

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    ABC Ltd Buy NSE 10,00,000 700
    ABC Ltd Sell NSE 500,000 0
    Brokerage Cost 700

    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)

    As the net quantity at end of day is not zero for the traded underlying, brokerage is charged as per the existing framework.


    Scenario 4: iVALUE customers: Same-Day Square-Off (Full Quantity): Delivery

    Mr. A buys 1000 shares in delivery of XYZ Ltd and sells all 1000 shares on the same day on the same exchange and has subscribed to iVALUE plan.

    Brokerage: Intraday brokerage rates apply on all legs.

    A. Buy and Sell in same stock - same exchange

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    Revised Brokerage*

    ₹20 per order

    ABC Ltd Buy NSE 10,00,000 700 20
    ABC Ltd Sell NSE 10,20,000 0 20
    Brokerage Cost 700 40

    *Brokerage considered as per Prime 9999 and iVALUE plan (Delivery @ 0.07 % and Intraday at ₹20/order)

    B. Buy and Sell in same stock - different exchange

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    ABC Ltd Buy NSE 10,00,000 700
    ABC Ltd Sell BSE 10,20,000 0
    Brokerage Cost 700

    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 %)

    Please note that, if you buy shares on NSE, you must also sell them on NSE. Similarly, if you buy on BSE, you must sell on BSE (resulting in zero net position) to avail the brokerage benefit. 


    Scenario 5: iVALUE customers: Same-Day Square-Off (Full Quantity) in multiple orders

    If share bought in a single order and sold through multiple sell orders on same day on the same exchange, brokerage is charged separately on each sell order

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    Revised Brokerage*

    ₹20 per order

    ABC Ltd. Buy NSE 10,00,000 700 20
    ABC Ltd. Sell NSE 500,000 0 20
    ABC Ltd. Sell NSE 520,000 0 20
    Brokerage Cost 700 60
     
    *Brokerage considered as per Prime 9999 and iVALUE plan (Delivery @ 0.07 % and Intraday at ₹20/order)


    Scenario 6: iVALUE customer: Same-Day Square-Off (Partial Quantity)

    Mr. A buys 1000 shares in delivery of XYZ Ltd on NSE and sells 500 shares on the same day on NSE.

    Brokerage: Delivery brokerage rate applicable on first leg as per existing process.

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    ABC Ltd Buy NSE 10,00,000 700
    ABC Ltd Sell NSE 500,000 0
    Brokerage Cost 700
     
    *Brokerage considered as per iVALUE enabled and Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)
     
    As the net quantity is not zero on the same day under the same underlying, brokerage is charged as per the existing framework.
     

    If I sold shares in BTST segment and bought back entire quantity same day and on the same exchange, what would be Brokerage charges?
     
    For transactions which are undertaken under BTST and squared off before end of the day resulting in zero net position, you will be charged brokerage as per Intraday rates instead of Delivery

    For transactions that are partially squared off where the net position at end of day is not zero, brokerage will be applicable as per the existing brokerage plan.

    Let us understand brokerage charges if you have subscribed to Prime Plan and iVALUE plan 

    Example: Full quantity squared-off on the same day


    Prime customer: Same day Square-Off (Full Quantity) in Single order

    Mr. A sells 1000 shares under BTST  (bought on the previous day) and buys back all 1000 shares on the same day.

    Brokerage: Intraday brokerage rates will apply, resulting in approximate 80% cost savings.

    Scrip Name

    Trade

    (BTST)

    Exchange

    Trade Value

    Current Brokerage*

    0.07%

    Revised Brokerage*

    0.007%

    ABC Ltd Sell NSE 10,00,000 700 70
    ABC Ltd Buy NSE 980,000 0 68.6
    Brokerage Cost 700 138.6

    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)


    Prime customers: Same day Square-Off (Full Quantity) in multiple orders

    If shares are sold under BTST in a single order and bought through multiple buy orders, brokerage is charged separately on each buy order.

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    Revised Brokerage*

    0.007%

    ABC Ltd. Sell NSE 10,00,000 700 70
    ABC Ltd. Buy NSE 500,000 0 35
    ABC Ltd. Buy NSE 520,000 0 36.4
    Brokerage Cost 700 141.4

    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)


    Prime Customer: Same-Day Square-Off (partial Quantity) on Same Exchange

    Mr. A sells 1000 shares under BTST on a trading day (bought on the previous day) and buy back partial quantity 500 shares on the same day.

    Brokerage: Existing brokerage charges will apply.

    Scrip Name

    Trade

    (BTST)

    Exchange

    Trade Value

    Current Brokerage*

    0.07%

    ABC Ltd Sell NSE 10,00,000 700
    ABC Ltd Buy NSE 500,000 0
    Brokerage Cost 700
     
    *Brokerage considered as per Prime 9999 plan (Delivery @ 0.07 % and Intraday @ 0.007 %)

    As the net quantity is not zero for the traded underlying on the same day, brokerage is charged as per the current policy. 


    iVALUE customer: Same day Square-Off (Full Quantity) in Single order Quantity

    Mr. A sells 1000 shares under BTST  (for shares bought on previous day) and buys back all 1000 shares the same day and on same exchange.

    Scrip Name

    Trade

    (BTST)

    Exchange

    Trade Value

    Current Brokerage*

    0.07%

    iVALUE Brokerage*

    ₹20 per order

    ABC Ltd Sell NSE 10,00,000 700 20
    ABC Ltd Buy NSE 980,000 0 20
    Brokerage Cost 700 40

    *Brokerage considered as per Prime 9999 plan + iVALUE (Delivery @ 0.07 % and Intraday @ Rs20/order)


    iVALUE customers: Same day Square-Off (Full Quantity) in multiple orders on same exchange:

    If shares are sold in a single order and bought through multiple buy orders, brokerage is charged separately on each buy order

    Scrip Name Trade Exchange Trade Value

    Current Brokerage*

    0.07%

    iVALUE Brokerage*

    ₹20 per order

    ABC Ltd. Sell NSE 10,00,000 700 20
    ABC Ltd. Buy NSE 500,000 0 20
    ABC Ltd. Buy NSE 520,000 0 20
    Brokerage Cost 700 60

    *Brokerage considered as per Prime 9999 plan + iVALUE (Delivery @ 0.07 % and Intraday @ Rs20/per order)


    iVALUE customer: Same-Day Square-Off (partial Quantity)

    Mr. A sells 1000 shares under BTST (bought on the previous day) and buys back partial quantity 500 shares on the same day and on same exchange.

    Scrip Name

    Trade

    (BTST)

    Exchange

    Trade Value

    Current Brokerage*

    0.07%

    ABC Ltd Sell NSE 10,00,000 700
    ABC Ltd Buy NSE 500,000 0
    Brokerage Cost 700

    *Brokerage considered as per Prime 9999 plan + iVALUE (Delivery @ 0.07 % and Intraday @ Rs20/per order)

    As the net quantity is not zero for the traded underlying on the same day, brokerage is charged as per the current policy. 

    What is Intraday Trading? How does “Intraday (Margin)” work? How is Intraday trading different from trading in Cash Segment/ Delivery? Can I convert an intraday position to delivery? If so, how? What is short selling in Intraday trading, and how does it work? How can I square off my Intraday / Bracket position? Can I modify intraday position? How? What are the options for “order validity”, “disclosed quantity”? Where can I see them? What is “Limit order”? How to place a limit order? What are Initial and Minimum Margins? What happens if the margin falls below the required level? How to place an Intraday order? When will the profits from Intraday trading be added to my current limits? Why are my profits from intraday are not available in current limits? What is trigger price? Where can I check trigger price for Intraday position? How do I add Margin to my Intraday position? How are profits on Intraday trading taxed? What is the brokerage charged for Intraday? What time does my intraday position get auto squared off? Are there any charges levied for it? Will my Intraday positions get squared off due to margin shortfall? What effect will it have on my position? By what time can the positions be converted to delivery? What happens if my Intraday Buy/Sell position is not closed at the end of the trading day? What is Day’s Profit & Loss on website open position page? Where can I access intraday Day’s Profit & Loss? What will I see in Day’s P&L on Equity Open positions page for Intraday & Bracket? How it is helpful? Why can’t I see Overall P&L on the website open positions of Intraday & Bracket anymore? What happens to an open intraday position as a stock nears its circuit limit, and when will ICICI Securities automatically square it off? Why did the stop-loss order execute even though the trigger price was not reached? What are Stoploss Price, Target Price and Limit Price in an Intraday order, and how are they different from each other? If a client places multiple intraday trades in the same stock on the same day and subsequently submits a CTD (Convert to Delivery) request, which intraday trade leg will be considered for conversion to delivery, and how will the brokerage charges be computed in such cases? Is Trigger Price calculated for all scrips? What is a cover order? Can an open position be squared off in a different exchange? What does ‘Y’ or ‘N’ indicate in the Interop column in the Order Book? Can the Interop order quantity be modified beyond the open position quantity? Why is intraday trading disabled for some Trade-to-Trade (T2T) stocks? What details are required for a Cover Stoploss Order in Intraday? Can I cancel only the Fresh Order in Intraday? How is Margin Trading different from the Cash Segment? Will all open positions be squared off when the End of Settlement (EOS) process is run? Will the EOS process cancel my pending Buy orders if I have a Sell position on T Day? Can Margin Sell orders be modified after the EOS process? What is ‘Amount Payable’? Where can I view it? How is it calculated? What is ‘Margin Amount’? How is it calculated? Where can I see the Minimum Margin % applicable for a scrip? Can I trade in Margin at any time during the day? Can I place a Margin order at 3.25 pm.? How do I place a Margin Buy/Sell order? How do I place a square-off order in Margin to close my open positions? How does a buy/sell order execution using margins affect my margin limits? How will the new brokerage calculation work for intraday trades? What is additional margin? What happens at EOS (End of Settlement) to unexecuted or pending Interop square-off orders? Why is Open Position exchange getting displayed different than the order exchange? What is Margin Trading / Trading in the Margin Segment at ICICI Securities? Is there a minimum difference required between the Stoploss Price and Target Order limit price? What details are required to place a Fresh Order? Do I need to place Fresh, Cover SLTP, and Cover Profit Orders together? Should the quantity of Fresh, Cover SLTP, and Cover Profit Orders be the same? Can I cancel both Fresh and Stoploss Orders? Can I cancel only the Stoploss Order in Intraday? Can I modify the Fresh Order? What is a Stoploss Order in Intraday? Can I place a stoploss order without placing a target order in intraday? Can I place Intraday Orders in all stocks? How to place a Stoploss/Target order in Intraday What is a target order in Intraday? Can I modify the Stoploss Order in Intraday? What does the “Exit at Market” button do? Can I cancel the Cover target Order? Can I modify the Cover Profit Order? Can the Cover Profit Order be converted to a Market Order? Would the margin be recalculated when the order gets executed? Is the minimum difference % between Stoploss and Limit Price of Cover SLTP Order different for different stocks? What is the difference between Limit Price and Stoploss Price that can be specified for a Cover Stoploss Order? What happens to the Cover Stop-Loss Order if the Cover Target Order gets executed first? Why does the system cancel my Cover Target Order on part execution and place a Market Order for the balance quantity? What happens to the Cover target Order if the Cover Stoploss Order gets executed first? What happens to open positions remaining at the end of the day? Will there be any Mark-to-Market (MTM) process like in Margin Trading? Can I convert my Stoploss/Target position to Delivery? Do I have the option to Add Margin? Can ICICI Securities disable a scrip from Intraday trading during the day? What happens to Intraday Order in a scrip that has been disabled? What is My EOS? Will the My EOS link appear against all orders in the Order Book? Will the My EOS link appear against all positions on the Open Positions page? Is there any difference between using My EOS from the Order Book or Open Positions page? Will My EOS be shown for already closed positions? Can I use Shares as Margin (SAM) limits for placing Intraday Orders? What types of limits are allowed for placing Intraday Orders? Can my Intraday with Stoploss/Target Orders or Positions be squared off by ICICI Securities? Can I short sell (sell shares not held in DP)? Can I place Overnight Orders in Intraday? Is Trigger Price calculated for both Intraday and MTF positions? Can I place ‘Intraday’ and ‘MTF' orders on both NSE and BSE?