At what time does Cover Order of stock/index futures get squared off?

All intraday orders (MIS, CO, BO) gets squared off by 3:20 PM.

15:20 HRS IST

Theoretically around 3:20 pm.

Actually close to 3:22 pm, as I have observed in most cases.

This is w.r.t zerodha

Other square off times like 2:40, 3:00 etc also exists with other brokers.

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