I’m only talking about CNC (delivery/demat shares) here.
When we sell a share, it used to be a pain that only 80% of sell amount is available to use on same day. Last year this was fixed and now a share can be completely switched same day without bank transfers.
But what about Buy Today Sell Tomorrow? I bought Shriram Fin yesterday for delivery and wanted to switch it for Muthoot Fin today. Sold Shriram thinking I would be able to do so, but it did not increase my available margin. Not even 80% was availble.
Can funds from shares sold on T+1 already be used some way, or is this not allowed by design?