Yes, if an intraday position results in short margin or fails to square off due to insufficient funds, penalties or interest charges may apply as per exchange norms.
Auto square-off usually starts around 3:15 PM. However, this can vary depending on market conditions or internal risk policies. It’s advisable to close positions before 3:10 PM.
MIS stands for “Margin Intraday Square-off.” It is a product type that allows you to trade with higher leverage. All MIS positions must be squared off within the same trading…
