what is square off in share trade,what is square off in share trade,what is square off in share trade,what is square off in share trade???????????????????????/
2006-12-02 07:48:41 · 2 answers · asked by Hayath m 1 in Business & Finance ➔ Investing
Buying and selling or selling and buying the same quantity of shares of a company in a day with the same broker is called square off. ie without giving actual delivery/receipt. The loss or profit due to the price diff. less brokerage s.tax .etc will be credited/debited to your account. Other conditions 1. Share bought at NSE can be sold at NSE only likewise Shares bought at BSE can be sold at BSE only. 2.Trade for Trade share(at National stock exchange) and T group, TS Group and Z group shares(at Bombay stock exchange) are not allowed for square off.
2006-12-06 04:10:28 · answer #1 · answered by Nathan 2 · 2⤊ 0⤋
Square Off
2016-11-08 21:29:17 · answer #2 · answered by chowen 4 · 0⤊ 0⤋
Suppose you buy 10 shares and sell the same 10 shares, it can be considered as square off.
If you sell 10 shares and buy 10shares of the same company , it can be also considered as square off.
The term square off is only applicable to transactions in secondary markets.
2006-12-02 15:53:18 · answer #3 · answered by Anonymous · 2⤊ 0⤋
you place a 'buy' for 100 shares of 'xyz' company on date A with settlement date a+2; if you sell all 100 shares within the same settlement date you can call that as 'squared off'. that is you dont have to deal with actual delivery/receipt of the shares. this can similarly apply to futures contracts/forex/ anything.
2006-12-02 08:18:11 · answer #4 · answered by Cobra 2 · 0⤊ 0⤋
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Choice is yours. If you purchase shares during the day naturally your aim is to profit, If you get profit sell them before closing market or retain them. If you sell on the same day brokerage will be less. If you retain them cost will be little more. When you buy and sell on the same day it is called square-off when you sell and buy in a same exchange. The difference in the value is profit or loss.
2016-04-01 23:21:22 · answer #5 · answered by Anonymous · 0⤊ 0⤋
What is the benefit of making Square Off?
2015-07-03 19:35:55 · answer #6 · answered by Satti 1 · 0⤊ 0⤋
Suppose if I buy 10 shares of companyA and sell 10 shares of CompanyB will it be consider as Intraday
2015-09-21 18:02:27 · answer #7 · answered by Nilesh 1 · 0⤊ 0⤋
It means that you reverse the transaction you entered with broker earlier on the same security. If you have contracted with your broker x for selling y shares for z quantity, contract with the same broker x for buying shares of y for z quantity is known us square off.
2006-12-02 14:35:09 · answer #8 · answered by cvrk3 4 · 0⤊ 1⤋