Stock market trading comprises the buying and selling of various company scripts through authorized persons, called stock brokers. When the market presents an upward trend (i.e. shares are normally being bought in anticipation of price-rises in the future), we call it a bullish market. However, when the market shows a downward trend (i.e. shares are sold in anticipation of a fall in price), it is termed as bearish market. This basically comprises the core of stock market trading. However, it is just the tip of the iceberg. Stock market trading goes beyond this normal buying and selling spree of stocks
Yes, any Individual, Hindu undivided Family (HUF),proprietary firm,partnership firm, company,trust or Non Resident Indians (NRI) can open an account with Krishna Multifarious consultancy private limited (KMC)
If you like to buy shares, first of all you have to appoint a broker. A broker is a member of a recognized stock exchange, who is permitted to do trades on the screen-based trading system of different stock exchanges. He is enrolled as a member with the concerned exchange and is registered with SEBI. Once you open an account, you will be able to buy shares in your particular Trading ID, which is called your Trading code.
You will receive Welcome letter, in which you will find all the details related to your Trading Account. If you are having account in Internet Trading, than you will receive an email from Internet Department regarding your trading account.
If you are a Offline Client and like to see your account online, you can request for a password than, we will provide you your Backoffice ID and Password and you will be able to see your Account Online.
Market Order - A market order is an order to buy or sell a stock at the current market price. Limit Order - To avoid buying or selling a stock at a price higher or lower than you wanted, you need to place a limit order rather than a market order. A limit order is an order to buy or sell a security at a specific price. A buy limit order can only be executed at the limit price or lower, and a sell limit order can only be executed at the limit price or higher. Stop Loss Order - An order placed with a broker to sell/buy a security when it reaches a certain price. It is designed to limit an investor's loss/profit on a security position.
The Stock Exchanges assign a Unique Order Code Number to each transaction, which is intimated by broker to his client and once the order is executed, this order code number is printed on the contract note. At the end of day our representative will call you.
You have to ensure receipt of the following documents for any trade executed on the Exchange: a. Contract note b. In the case of electronic issuance of contract notes by the brokers, the clients shall ensure that the same is digitally signed and in case of inability to view the same, shall communicate the same to the broker, upon which the broker shall ensure that the physical contract note reaches the client within the stipulated time. It is the contract note that gives rise to contractual rights and obligations of parties of the trade. Hence, you should insist on contract note from stockbroker.
Contract note is a one type of Bill that shows your confirmed trades on particular day for and on behalf of client. Contract note is issued in the prescribed format of Rules and regulations of BSE and SEBI guidelines. Contact notes are helpful to track you.
Yes, You can View your Bills Online through your userid and Password form our Back office. You can also able to view your Previous bill and new bills from our Back office anytime and anywhere. You can verify your quantity, price, brokerage and time through.
The trading member can charge: 1. Brokerage charged by member broker. 2. Penalties arising on specific default on behalf of client (investor) 3. Service tax as stipulated. 12.36% charges will be applicable on brokerage, T.O. & O.C. 4. Securities Transaction Tax (STT) as applicable.- 0.125% on market Rate for Delivery and 0.25% on speculation from sell side. 5.Turn over Charges NSE charges will be 0.05% and BSE charges will be 0.01% 6.Stamp Duty Charges - 0.01% on Delivery and 0.02% on speculation The brokerage, service tax and STT, Turn Over Charges, Stamp Duty charges are indicated separately in the contract note.
You have to pay initial Margin of Rs. 10000 to start trading. One can give margin by way of Cheque and by way of Securities. For Derivatives Segment Margin will be required of Rs. 50000. Clients also have to fulfill Span Margin in order to trade in derivative
In a Rolling Settlement trades executed during the day are settled based on the net obligations for the day. Presently the trades pertaining to the rolling settlement are settled on a T+2 day basis where T stands for the trade day. Hence, trades executed on a Monday are typically settled on the following Wednesday (considering 2 working days from the trade day). The funds and securities pay-in and payout are carried out on T+2 day.
Pay in day is the day when the brokers shall make payment or delivery of securities to the exchange. Pay out day is the day when the exchange makes payment or delivery of securities to the broker. Settlement cycle is on T+2 rolling settlement basis w.e.f.
Short delivery refers to a situation where a client, who has sold certain shares during a settlement cycle, fails to deliver the shares to the member either fully or partly. It also happens in case of Purchasing a shares.
For Example If Mr. A Buys shares of a particular company On Monday as per T+2 Settlement. So Monday is called Day T On Tuesday - customer pays funds to the broker (Krishna Multifarious consultancy private limited) for securities he has purchased. So Tuesday is called Day T+1 On Wednesday Krishna Multifarious consultancy private limited (KMC) transfers funds to Exchange. So Wednesday is called Day T+2 On Wednesday - Exchange transfer Shares to Krishna Multifarious consultancy private limited (KMC) On Thursday Mr. A can view shares purchased on Monday in your Demat account on Thursday. So Thursday is called Day T+3.
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