Delivery fees on which value
Consider the following scenario:
I purchase 1 share of X at the price of 100 and another share at price 102.
On the same day, I sell 1 share at 104.
The remaining share is delivered to my demat account.
My question is, what will be the value on which the delivery fees will be charged? Is there a protocol that the exchange follows in deciding which among the two shares (@100, @102 ) is meant for delivery?
My question is pertinent to NSE India but inputs about other exchanges would also help answer my question.
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This has nothing to do with NSE or stock exchange.
In India we follow FIFO (first in first out) by regulation.
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