Order Rejections
Why was your order rejected?
When you sell shares from your holdings, it is reflected under the Positions tab for the rest of the trading day. This is normal, and the position will automatically be cleared by end of day (EOD).
To help prevent early pay-in defaults and reduce settlement risks, same-day buyback in delivery/investing mode is not allowed once you’ve sold a stock from your holdings.
However, if you wish to buy back the same stock on the same day, you can do so by:
Buying the stock using the Intraday product type
Converting your earlier sell position (from Delivery to Intraday)
While converting the delivery sell position to intraday, please maintain an upfront margin of 20%, excluding the sell benefit received in the account.
You can follow the steps mentioned below:
Mobile App:
Tap on the open position
Scroll down
Tap on ‘Convert to Intraday’
Web Platform:
Hover over the open position
Click the “I” icon next to the product type
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