X BUY's at 10, Y can SELL only at 5; Who gets the difference?

General
1

Hi Traders,

Referring to a SCRIP trading at 1 Rupee and 60 Paisa

Open Price: 1.60

Upper Circuit Limit 1.65
Lower Circuit Limit 1.55

When Price hits UC 1.65

X BUY's at 1.65 BUT Y can SELL only at 1.60

Who takes the difference ?

Cannot work it out myself, Maybe someone can help

------------------------ Additional info

This is a Quik order for unitech:


At this point of time if X wants to buy 1 share x has to pay 5.65
At this point of time if Y wants to sell 1 share to X , Y can sell it for only 5.60

X pays 5.65 Y receives 5.60 the difference of .05 . where does this go ?

1 Like
2

Iā€™m a little confused reading your question. If X buys at 1.65 and can sell only at 1.60, he can choose to sell it at 1.60 and book a loss of 5 paisa. So if he sells, he takes the loss.

Note that a trade can be effected only if the buyer & seller agree on a price.

1 Like
3

initiative of every trade start from loss then it move to profit as it goes in ur direction.

4

A trade gets executed at one price. What you see here is the best bid (the highest price one is willing to pay) and the best ask (the lowest price one is willing to sell), So the trade can get executed at 5.60 OR 5.65. If it gets executed at 5.60, the buyer has to pay 5.60 and the seller will receive 5.60 and if the trade gets executed at 5.65, buyer has to pay 5.65, seller receives 5.65.

5

Hi Venu,
Thanks for taking time to reply.
I have added some additional info to my initial question, hope you can simplify this situation
Thanks again and HAPPY TRADING