We currently offer the ability to short sell stocks before taking delivery on an intra-day basis. In accordance with our intra-day shorting rules, traders are required to deliver the shares sold or close short stock positions prior to the end of the trading session.
Effective August 03, 2026, the cut-off time for closing intra-day short stock positions is 15:10 IST. Should a trader establish a short stock position intra-day and not close the position prior to 15:10 IST, we may, on a best efforts basis, close the position on the trader's behalf. If the position is not closed by the end of the day and the shares are not delivered by the client before settlement, any loss resulting from the auction process will be borne by the client. Please note that prices in the auction market are highly variable and typically not favourable compared to the normal market.
It is important to note that we will not take into consideration any closing orders for short stock positions placed by the client which may still be working. If a client's account holds a short position at 15:10 IST and the client has placed working orders to close those positions, there is the possibility that the client's closing order will execute at the same time that we act to close out the short position. In this situation, the client will be responsible for both executions and will need to manage the resulting long position accordingly.
A fee of INR 2,000 will be charged for this manual processing, in addition to any external penalties applicable in cases where short stock positions result in auction trades. Clients are strongly urged to monitor their positions and take appropriate action independently in order to avoid this outcome.