Leverage change in stock

[Bharath_Mokkala]

Hi,

I have few queries regarding leverages offered by Zerodha. Could someone guide me?

1. Leverages are changing for each stock day to day. Will they
   get changed during marketing hours too(i.e. from 9:00 AM to 3:30PM)
   or only before 9:00 AM?

2. If Leverages are changing in Marketing hours, What happen to the
   orders which I placed earlier. Suppose, I bought some quantity of
   shares at 9:45 AM with a leverage of 16.5, due to volatility the leverages
   are changed to 7 at 11.00 AM, then

   (a) Will my order remains or else will it be squared off at some price?
   (b) If order remains, do my margin funds get changed due to the 
        leverage change on that day?

[siva]

@Bharath_Mokkala

Leverages are changing for each stock day to day. Will they
get changed during marketing hours too(i.e. from 9:00 AM to 3:30PM)
or only before 9:00 AM?

Can be changed at any point of trading hours and is totally based on RMS interpretation on current volatility.

@Bharath_Mokkala

If Leverages are changing in Marketing hours, What happen to the
orders which I placed earlier. Suppose, I bought some quantity of
shares at 9:45 AM with a leverage of 16.5, due to volatility the leverages
are changed to 7 at 11.00 AM, then

(a) Will my order remains or else will it be squared off at some price?
(b) If order remains, do my margin funds get changed due to the 
     leverage change on that day?

Option B will happen for sure, Option A can happen if one is making losses above 50% of available capital.