Can I sell pledged shares without unpledging them first?
Yes, you can sell your pledged shares anytime. Bigul will automatically unpledge them and process the sale.
However, if you have already used the margin (funds) received from pledging those shares, it’s better not to sell them unless you have enough balance or margin available. Selling them in such a case may lead to a shortfall on the next trading day (T+1).
Margin
- 1. What does "stock pledge" mean in trading?
- Why should I pledge my Stocks / Securities?
- How should I pledge my shares / stocks
- Which shares can I pledge?
- Where do u get a list of Exchange approved securities for Pledge?
- Does the list of approved securities stay the same or change over time?
- Can I pledge unlimited shares of any stock?
- How will I get margin for pledged Stocks / Securities?
- What is a “haircut” and why is hair cut is deducted from value of pledged shares?
- How is a haircut applied to pledged securities?
- When can I pledge or unpledge shares?
- When will I get margin after pledging?
- Is there a fee for pledging?
- Can I sell pledged shares without unpledging them first?
- Can my MTM (Mark-to-Market) loss be covered using the margin from pledged shares?
- What happens if I don’t pay the MTM loss by 9:30 AM on T+1 day?
- What is 50 -50 cash - collateral rule of SEBI?
- What is the interest charged on a shortfall?
- What if I want to take a new position after my position was squared off by the RMS team?
- How will I get margin benefit in a hedging position when both legs are held simultaneously?