HELLO,
Recently i have purchased Andhra Pradesh state development bond.
After allotment of there is no movement in bond price since last 3 months.
I am not able to understand how to check status of bond . Please help.
Typically, such GSEC and SDL bonds
will NOT have any liquidity in the secondary markets (NSE, BSE).
One usually holds them till maturity
and receives the entire face-value of the bond upon maturity,
earning interest on it for the duration one holds the bond.
Interest (every 6 months) and principal (upon maturity) are received automatically in the bank account linked to the demat account holding the security.
To get rid of such illiquid bonds in a hurry on the secondary markets (NSE/BSE)
the strategy is to basically offer all the bonds one is holding
and sell-off whatever quantity (even part of one’s entire holdings) one can
at progressively lower rates (even lower circuit limits),
as circuit-limits reduce further each day after a trade occurs at a lower price.
For more details, checkout this topic-thread where this scenario was recently discussed.
@cvs I see these kinds of posts coming up quite often about someone dealing in some sort of product people don’t understand. Is it the case or it’s in my head?
Definitely happening all the time.
(not something you are dreaming up 
)
I suppose everyone has to start somewhere. 
It wasn’t that long ago,
when i experimented with corporate bonds (a small amount),
had insightful discussions with the TradingQnA community,
and documented my experience.
Hopefully, most folks aren’t going all-in with their entire savings into products that they do not fully understand yet, and are just experimenting with. 
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I’m doing this rn 