Cut-off times differ by segment and instrument. Intraday positions must be closed before the broker-defined square-off time to avoid automatic closure.
- All intraday trades must be closed (squared off) before the market closes.
- If not squared off manually, the broker may automatically square off the position between i.e. between 03:15 PM and market closing time.
- Since the position is not carried forward, no shares are delivered to or from the demat account.