short delivery..help me guys

Discussion in 'Ask A Query About Your Stock Picks And Portfolio' started by sandeep1802, Dec 4, 2015.

  1. sandeep1802

    sandeep1802 Active Member

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    I bought 1000 shares of munjal auto on 01st Dec and sold 1000 shares on 2nd Dec...but today a message came that you sold excess 1000 Munjal auto short delivery.. .what it is meaning..plz guys help me out..my margin is blocked..
     
  2. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Who is broker? You must have bought at NSE and sold at BSE. Kotak has BTST option which tracks where you buy and sell. Tell broker to take from one exchange and give to other exchange.
     
  3. sandeep1802

    sandeep1802 Active Member

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    Broker is Ventura...this is not the case...both trades done on nse...wen I contacted broker they said tht you bought but seller may have defaulted means sellers may not have shares in their demat....
     
  4. Srouta Mukherjee

    Srouta Mukherjee Well-Known Member

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    Big mess situation however you cannot be blamed for it is seller's fault.
     
  5. Parin Gala

    Parin Gala A long term investor

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    This is always a risk in BTST trading. If the seller from whom you bought the shares defaults you will have to bear the pain of auction for the shares you sold.
     
  6. sandeep1802

    sandeep1802 Active Member

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    what will happen now...
     
  7. sandeep1802

    sandeep1802 Active Member

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    who will bear the pain me or the guy who sold me...??
     
  8. BombayBoy

    BombayBoy Well-Known Member

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    you pay for your delivery problem and the chap who failed delivery for your trade pays for his - auction

    never had a bad delivery, only once because SHCIL fuckin refused to honor a DIS and my father wasn't in town
     
  9. sandeep1802

    sandeep1802 Active Member

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    in that case this would be a chain reaction..means to whom i sold that person also not get delivery of shares..
     
  10. sandeep1802

    sandeep1802 Active Member

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    what a mess....is this a fault of broker or some loophole in stock exchange....or side effects of BTST
     
  11. BombayBoy

    BombayBoy Well-Known Member

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    lol it happens, isn't that counter with low liquidity?
    don't worry about it much, take your hit and move on
    do tell us how the auction ends for you
    unless you can arrange for a delivery from somewhere

    also it is nobody's fault - must have been a naked short sale by somebody and the trade went wrong
     
    Sachin pathak likes this.
  12. Sachin pathak

    Sachin pathak Active Member

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    Do you belong to the stock broker fraternity?
     
  13. BombayBoy

    BombayBoy Well-Known Member

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    lol no Sachin, i've been fascinated by all of it since my school days because i'd see those Annual Reports and some dividend warrants arrive in the post and been looking at stock quotes for like 15 years i think

    like a jack of all trades - i know a bit part, no expert ;)
     
  14. Sachin pathak

    Sachin pathak Active Member

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    I asked for this is the second time you referred to your dad... ( the first being he not approving investing on the US exchange) so felt he could be on the markets
     
  15. BombayBoy

    BombayBoy Well-Known Member

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    ah, he's a banker, management - Public Sector
    and the US markets was because of the time zones, i'd stay awake and my sleeping habits, lifestyle are still f*cked up
     
  16. Sachin pathak

    Sachin pathak Active Member

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    I can see that... You end up replying at this hour too.

    Few interesting names get often mentioned 5-10 yr horizon
     
  17. sandeep1802

    sandeep1802 Active Member

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    the counter hit upper circuit on that day..will definately tell you about auction...hope my profit remains with me...
     
  18. sandeep1802

    sandeep1802 Active Member

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    I bought 1000@91.30 and sold next day 1000@102.80 and todays closing price is 105.. Wht would be my profit/loss...At wht price auction will done...
     
  19. sandeep1802

    sandeep1802 Active Member

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    today i got mail ..my broker do internal settlement at 106...
    i whole scenario, what is my profit...
     
  20. BombayBoy

    BombayBoy Well-Known Member

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    look at both your contract notes and auction bill to ascertain profit/loss
    and auctions are always 2-5% higher than the last closing, so you'll have a loss unless you had a big margin on the overall buy and sell
     
    Last edited: Dec 5, 2015
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