Can CNC be sold same day in Zerodha?

  • Asked By
  • Updated On:
    29-Dec-2023
  • Replies:
    9

Short Answer

Yes, CNC can be sold on the same in Zerodha. You just have to be zerodha client

Detailed Answer

CNC means cash and carry. It is an option used to place delivery based orders. Basically, if you want to buy shares and hold them for more than a couple of days then CNC order has to be placed. Luckily on Zerodha all CNC orders have zero brokerage.

Although CNC allows you to sell on the same day i.e. Intraday. There is one restriction. If you are selling on the same day the sell quantity cannot be more than buy quantity. So, if you use intraday CNC, brokerage will be applicable as on other intraday orders.

Yes, CNC can be sold on the same day in Zerodha. Here is the list of charges that apply depending upon when you sold CNC:

CNC (delivery) same day: Intraday brokerage charges.

CNC (delivery) next day: Intraday brokerage charges.

CNC (delivery) third day: CNC Delivery brokerage charges.

Hope that helps to clarify the query. Zerodha overall is a really friendly broker and charges are very genuine at all trades.

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Discussion (12)

if I buy 100 shares and then sell the same later during the day, zerodha charges DP charges for every sell transaction if you use CNC order type. WHY? if I sell 100 shares from demat and buy back the same before day end using order type CNC, zerodha chares DP charges for every sell transaction. WHY?

Most of the time it can be sold on the same day.

Check this comment

Any stock purchased and sold on the same day is known as 'Intraday', regardless of the order type (MIS or CNC). After the execution of the new 'Margin Requirement' rules, all the profits are settled on a T+1 (Trading+1) basis. This means if you take an intraday trade, your profit will reflect in your account on the next date, but the losses are subtracted from your margin immediately. On the other hand, if you sell a stock that you already hold (CNC), 80% of the total margin will be available on the same day and the remaining will be added on T+2 day.

Today i bought 100 shares and sell the same day for the long-term stock that is CNC, it have not choose the intraday option while buying but profit or lose money is not reflecting in the fund balance. Can anyone explain

It will be great to contact the broker in such a case

If you sell shares that were purchased last month. You will have to pay two types of charges. First, you'll have to pay a 15% STCG (Short Term Capital Gains) tax on the profit made. Secondly, you will incur some minute charges imposed by the broker like STT, Securities exchange tax, Exchange fees, etc. You will also be charged with a DP charge that can range from Rs10 to Rs25 (per order) depending on your broker. These are the charges that you'll have to pay irrespective of you buying the same shares again.

Nice Explanation !

Right a lot of charges are due to exchange and some other charges are govt taxes

Govt Taxes are bare minimal though, Trade amount matters the most

if i buy shares last month and sold today and bought again in evening what r charges applicable

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Zerodha is India’s largest and most trusted Stock broker with more than 1+ crore active users. Selling shares in CNC is very simple in Zerodha. To sell any share in CNC you must possess that stock in your Demat order to sell it in CNC. Learn how to sell your shares in detail.

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