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Frequently Asked Questions


Bid is the price of a share a prospective buyer is prepared to pay for a particular scrip, while offer is the price at which a share is offered for sale.
Brokerage is the commission charged by a broker for purchase/sale transaction done through him. As per SEBI norms, the maximum brokerage chargeable by brokers for purchase/sale transactions is 2.5% of the total trade value.
Circuit breakers are a mechanism by which exchanges temporarily suspend the trading in a security when its prices get volatile and tend to breach the price band.
Clearing refers to the process by which transactions between members are settled through multilateral netting.
The share is described as cum-bonus when a purchaser is entitled to receive the current bonus.
A share is described as cum-rights when a purchaser is entitled to receive the current rights.
The share is described as ex-bonus when a purchaser is not entitled to receive the current bonus, the right to which remains with the seller.
The share is described as ex-rights when a purchaser is not entitled to receive the current rights, the right to which remains with the seller.