Hi,
Can someone help me to understand this?
Suppose i buy a share of ABC company on Tuesday when the price was Rs100. I decide to sell it on Wednesday at 11am (market price) when the price reached Rs.145. However since it gets settled on T+2 days, which happens to be on Friday, the price fell back to Rs95/- on 11am Friday, and further fell to Rs.80 by Friday day end.
So, which price gets considered as the final sell market price? Is it when i clicked the "sell" button on Wednesday 11am when the market was Rs.145/- or is it on Friday (T+2)th day? If that is on Friday, will it consider Friday market closing time as the final market price? (which is Rs 80)
Kindly help.
Can someone help me to understand this?
Suppose i buy a share of ABC company on Tuesday when the price was Rs100. I decide to sell it on Wednesday at 11am (market price) when the price reached Rs.145. However since it gets settled on T+2 days, which happens to be on Friday, the price fell back to Rs95/- on 11am Friday, and further fell to Rs.80 by Friday day end.
So, which price gets considered as the final sell market price? Is it when i clicked the "sell" button on Wednesday 11am when the market was Rs.145/- or is it on Friday (T+2)th day? If that is on Friday, will it consider Friday market closing time as the final market price? (which is Rs 80)
Kindly help.
How does delivery trade get settled off after T+2 days?
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