Guide To On Line Investing
gives investors an opportunity to buy and sell shares online.
Registered users can trade in shares listed on the National
Stock Exchange (NSE) and which are in the compulsorily demat
list. Currently there are 761 stocks which are traded in the
demat form. Scrips in the rolling settlement will be traded
in the rolling format while those permitted in the normal
settlement cycles will be executed under the weekly settlement
order to place a buy order the user has to click on the ‘Buy’.
The exchange, stock, symbol and the quantity have to be specified
in the provided space. The user has the facility to specify
his limit price and a stop-loss trigger price. The user has
also the option to disclose only a part of the quantity that
he wishes to buy in the market. The user can also specify
the product (Cash / Margin) in which he wants to place the
buy order. All orders are Good Till Day (GTD) and valid only
for the day and will get automatically cancelled at the end
of the day if not executed. A confirmation request will appear
before the order is transmitted to the exchange.
sell shares click on the ‘Sell’. The exchange, scrip, symbol
and quantity will have to be specified. As in the case of
buying shares, the limit price and a stop-loss trigger price
need to be mentioned. A user may disclose only a part of the
quantity to be sold. The user can also specify the product
(Cash / Margin) in which he wants to place the sell order.
All orders are Good Till Day (GTD) and would automatically
be cancelled at the end of the day if not executed. A confirmation
will be asked before it is transmitted to the exchange.
The status of
buy/sell orders can be obtained by clicking on the ‘Order
Book’. The order book will furnish details of all the buy/sell
orders alongwith with the status of each order. The report
will be as follows and is updated real-time.
is placed when market is closed
sent to the exchange
has sent an acknowledgement of receipt of order
has been executed
Order is part executed
rejected by the exchange
Expired : Orders
remaining unexecuted at the end of the day getting expired.
against each order can be viewed by clicking on ‘View Transactions’.
One can also modify or cancel unexecuted orders by using the
The Trade Book shows the details of the trades
executed for you. The details are updated on a real time basis
and the latest status can be verified by refreshing the page.
for the same Order Ref. No. to be aggregated and shown as
a single entry in the Trade Book. Clicking the Order Ref.
No. will show you the details of the trades for that particular
Order Reference Number.
It also contains links for settlement
obligations of cash and securities for the executed order.
The detailed view contains the date and the amount of Cash
Pay In / Cash Pay Out debited/credited to your bank account
with date and time.
All margin position
(Buy/Sell) created by the user, which are open (yet to be
squared off) are displayed on this page along with other relevant
details like average buy/sell price, current market price,
real time mark to market profit/loss, total margin blocked
on each such position, etc.
It also contains
the links for actions like adding margin to your open position,
converting the open position into Cash segment (for delivery)
and to place square off order(s).
Converted To Delivery
All margin position converted
to delivery would be reflected on this page for his reference.
Demat Account Balance
On clicking ‘Demat
Account Balance’ the stocks in the user’s demat account and
the status can be accessed. The balance indicates the number
of shares that can be sold. If some shares have already been
sold then such quantity will be indicated as blocked and cannot
shown in the TIFD (Transfer Instruction For Delivery) column
would indicate the quantity that is in the process of being
debited from the account on settlement. Please note that no
separate instructions need to be issued to the depository
participant (DP) for debiting the account in case of a net
sell obligation. The shares get automatically debited from
the DP account in case of a net sell obligation and credited
in the event of a buy obligation.
Details of the cash balance can
be obtained by clicking on ‘Cash Projections’. The status
report of the net obligations is available after the settlement.
The net amount by which the bank account would be debited
in case of a net payable position or the net amount by which
the account would be credited in case of a receivable position
for the settlement can also be seen. Information on the dates
on which such debit or credit will take place and the closing
balance after the respective debit or credit will also be
displayed. Transaction details for each debit and credit can
also be viewed.
Securities projections will give
information on the date on which a particular stock will be
debited from the DP account in case of a net sell position
for the settlement. Similarly, the date on which the stock
will get credited to the DP account in case of a net buy position
for the settlement is also available.
You can increase or decrease
the amount set aside for trading from your bank account through
the options. You can also view the net withdrawalable for
add by allocating or de-allocating.
‘Limits’ is the
amount set aside for trading from the bank account and the
amount realised from the sale of shares in cash segment after
deducting the amount of purchases in cash segment. The limit
increases/decreases once the registered user allocates funds
for trading using the "Modify Allocations" screen.
In case of shares
sold in Cash segment , the limit increases by the amount receivable
and for buy orders in cash segment the appropriate amount
will be deducted and hence the limits will be reduced by such
an amount. All calculations are executed automatically. However,
it is important to specify the exchange and settlement cycle
to access the limits.
Limits are appropriately
reduced by the applicable margin percentage on the order value
while placing the orders in the margin segment. Once the margin
position is squared off, the margin amount blocked thereon
is released after giving effect to the profit or loss booked
on such square off.
On clicking ‘Modify
Allocations’ you can allocate funds from the available clear
bank balance for trading. Similarly, the amount can also be
reduced. Please note that on bank holidays and on weekly off
days this facility is not available.
broadcast messages received from the National Stock Exchange
can be viewed by clicking on the ‘Market messages’ hyperlink.