If we buy stocks using CNC, can we square it off the same day?

suppose I buy 100 shares of infosys at Rs. 1960 using CNC when the market opens, few minutes before the market closes the price increases to Rs. 2000. Instead of taking delivery, Can I square it off or do i need to take the compulsory delivery as the stock was bought using CNC but not MIS ?

Hi Ashish,

CNC product code does not mean the stock has to go into demat (T+2) it could be sold off when you made your mind.

You should also check the below mentioned link for more details.


Hope it helped :)