If you fail to square off a position before the market closes, the consequences vary based on the type of position:
- Intraday Trading (MIS):
If you don’t exit your open intraday positions by 3:20 PM, they will be automatically squared off by the system. A fee of Rs 50 + GST per position will apply. To avoid this, plan to square off your positions in advance.
- Futures & Options (F&O):
If you don’t square off your F&O positions, they will either expire or be automatically settled by the exchange at the expiry price. This could lead to a profit or loss. If your position is "in the money," physical settlement may apply.