2007-11-24 23:38:12 · 7 answers · asked by niftytimes 1 in Business & Finance ➔ Investing
i agree with delta. it all depends on ur broker and ofcourse ur purse's credibility. if the broker is well aware that u r a sound man and that u can pay the required money in time. he will surely allow u. check with ur broker and ask him ur limits or better if u people r in good repo then go ahead.
"There r no limits whatsoever specified by the SEBI."
Happy investing,
Don't get too aggressive.
If at all u want to go for big shots then try the F&O thing.
lot easier than the max for shares in intraday.
Regards
Yogesh
123sensex.blogspot.com
2007-11-25 00:02:55 · answer #1 · answered by yogesh_hunt 1 · 0⤊ 0⤋
Actually, there is a limit but no one reaches it. If your cumulative purchases would cause you to reach 5% of the outstanding shares of the firm, then trading becomes illegal. There are no limits in a single trade unless you would happen to become, even briefly, a 5% owner.
However, block trades disturb the market price resulting in a higher, potentially much higher price than you would pay than if you made a sequence of smaller purchases.
2007-11-25 08:34:23 · answer #2 · answered by OPM 7 · 1⤊ 0⤋
no, no limit. u can buy as less as one or as high a count as u want. the only restriction is that you should have sufficient money with your broker as margin money. ( for intra day )
most of the brokers allow trading limit of 10 times of your margin money. talk to your broker he can give u the limit u are entitled to ( i mean the limit in terms of money and not the number of shares )
2007-11-25 07:47:47 · answer #3 · answered by delta 7 · 0⤊ 0⤋
For a "cash account" no limit.
For a "margin account" possibly.
2007-11-25 09:57:07 · answer #4 · answered by !!! 7 · 0⤊ 0⤋
NO to my knowledge
2007-11-25 11:29:14 · answer #5 · answered by geeyen 7 · 0⤊ 0⤋
whatever your pocket permits you
2007-11-25 07:47:07 · answer #6 · answered by harish555 3 · 0⤊ 0⤋
NO.
2007-11-25 07:43:05 · answer #7 · answered by Anonymous · 0⤊ 1⤋