Thank you! Clears things out for me
Intraday done. Now, for Delivery, @nithin writes that:
You can also do such a trade if you already have stocks in your demat. So for example, if you held Reliance in your demat, you could sell it at 1004 on BSE and immediately buy it on NSE for 1000, this way reducing the cost of your holding.
Can you tell me what are the outcomes of it? I hold 100 shares. The price on NSE is 101 whereas price on BSE is 102. Now if I sell on BSE and buy on NSE, I get a profit of Rs. 1 per share.
But there will be 2 CNC positions, right? So at the end of the day, my 100 units will be sold at 102 and another 100 will be bought at 101? Will they be adjusted to each other or a real debit and new delivery will take place? I guess the latter.
So, I will pay DP charges on these 100 which will get debited. And the cost of the stock in my hodings will reduce by Rs. 1 and come to 99?