Stock market is quite complex for investors and traders who are new to it as there are lots of confusions in buying and selling the stocks. However, it’s not so difficult if you learn it properly before starting the journey. One Important question people generally ask Can i Sell delivery Shares on same day?
Let’s find out the answer and related scenarios for it with an example.
Table of Contents
Can I Sell Delivery Shares on Same Day?
Yes, You can sell delivery shares on the same day without any issues in the stock market. However, Your trade will be considered as an Intraday instead of delivery Regardless of whether the trade is placed in CNC or MIS order type.
However, this will not be the case with Trade to Trade stocks as Intraday selling is not allowed in Trade to Trade Segment stocks.
If you wish to sell delivery shares on the same day without any confusion you can use the convert option in your trading app. This will change your order type even after the trade is executed without any extra charges.
Example of can we sell delivery stock on same day?
Suppose you bought 20 stocks of reliance industry on 11 June 2021 for delivery. Below mentioned are the possible scenarios in which you Sell Delivery Shares on Same Day and how you can do that.
Scenario 1
Bad News – if some bad news comes about a stock after you bought them then you might want to sell them with a small loss or profit according to the price it is trading at current point. To do this you can simple go to positions then click on convert position and after that exit as shown in the below pictures:
Scenario 2
Profit booking – Sometimes when you buy a stock at the right time it might hit the target for which you are looking. In these situations traders want to exit from the trade as it is better to sell them than keep them for long as taxes on delivery is more than intraday in most of the case.
In this case as well you can simply follow the above images and can take the exit from any delivery trade on the same day.
Delivery Share Sell on Same Day Charges
Only Intraday charges will be applicable when you sell delivery shares on the same day as it is considered as an intraday.
You can check intraday charges with your broker like Zerodha, Angel broking, Upstox etc. in most of the cases it’s INR 20.
Selling stock from portfolio & buying them back the same day impact buying average?
Your intraday trades will not impact your purchase average figure if you trade intraday in stocks that are currently part of your portfolio. Since the share does not physically move into or out of your demat account, intraday trades are treated as a different transaction.
Example of can i buy and sell shares on same day in delivery
you own 50 Reliance shares worth Rs 1500 that you bought a few years ago and have in your demat account. Suppose that the price of Reliance is Rs 2200 today.
Let’s imagine you bought 50 shares of the stock at Rs 2200 each and sold them at Rs 2210 the same day. This intraday transaction will have no effect on your buy average, which will remain at Rs 1500 rather than Rs 1490.
Taxes on Selling Delivery Shares on Same Day?
After evaluating the tax effects of trades, this method of determining the Buy average is used. Any trade that does not result in delivery in/out of demat is deemed intraday, and all such transactions are regarded speculative and must be classified individually, according to IT Rules.
Delivery trades, which are evaluated for capital gains, should not be mixed with intraday transactions.
Conclusion
There are rare situations when you want to sell your delivery share on the same day. However, sometimes it’s good to avoid holding stocks in loss or booking profit if the target is achieved.
This is all from our side regarding Can I Sell Delivery Shares on Same Day? Let us know your views about can i buy and sell shares on same day in delivery in the comment section.
Other Interesting blogs related to Can I Sell Delivery Shares on Same Day?
What is Convert Position in Zerodha?
How to activate F & O in Zerodha?
FAQ About can we sell delivery shares on same day?
what if i sell delivery shares on same day groww?
Yes, you can sell delivery shares on the same day. Intraday charges will be applicable if you sell delivery shares on same day groww.
can i sell delivery shares on next day?
Yes, You can sell delivery shares on the next day without any issue. Intraday charges will be applicable. However, Do it in liquid stocks only as there is a risk of delivery shortfall in illquid stock. Which will lead to a penalty from exchange.
can we sell delivery shares on next day?
Yes, we can sell delivery shares on the next day without any issue. Intraday charges will be applicable on them. However, Do it in liquid stocks only as there is a risk of delivery shortfall in illquid stock. Which will lead to a penalty from exchange.
Can I sell delivery shares on next day in Angel Broking
Yes, you can sell delivery shares on the next day. Intraday charges will be applicable if you sell delivery shares on next day in Angel Broking.
Can I sell delivery shares on same day in Upstox
Yes, you can sell delivery shares on the same day. Intraday charges will be applicable if you sell delivery shares on the same day in Upstox.
