BSE and NSE inter exchange trade

[Rajinder_Kalra]

I thought if I Buy a stock in NSE, I can not sell it in BSE the same day. But Zerodha did that on that NSE PROBLEM DAY where Zerodha used BSE to square off NSE intraday trades. How is it possible?

Why can’t I do it too? Am I missing something? Please help to understand @ShubhS9 @siva

[ShubhS9]

You can check this out:

Cnc stocks and mis stocks

Netting off during the day is not possible as of now, in this case you have bought on nse and sold one on bse so they will be two open positions with twice margins blocking till eod and after close of session both will be netted off and margins will be released. If interoperability is introduced one can buy on nse and sell on bse on same day with net off position and no margins being blocked.

[Rajinder_Kalra]

So, if I buy, for example, Reliance Stock in NSE today, and sell Reliance Stock in BSE today, I will be able to do it?

While placing sell order, it won’t show me the error “You don’t have any HOLDINGS to place CNC Sell Order”?

I mean to say, will this work when placing both orders as MIS, or will I have to place both orders as CNC? Or what? Please explain with an example. @ShubhS9 @siva

[siva]

You can’t do this as of now in CNC, once interoperability on frontend is available you can buy in one exchange and sell in other in CNC without double margin/stocks in your Demat. So, for now nothing changes.