By Zerodha’s own brokerage calculator, executing a trade on NSE leads to more charges than on BSE. So why does Zerodha place orders by default on NSE? Is there any option to change this to BSE?
Yes, I know, I can place orders on BSE myself. However, the question is about why Zerodha prefers NSE by default. When you choose the Add or Exit options from Holdings, Zerodha places the order on NSE (with no option to change to BSE). Also, in the watchlist, the icon showing your existing holdings appears only on the NSE instrument.