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What is Intraday Trading?

  • Highlights

  • Intraday trading – buy and sell stocks on same trading day

  • Specify if an order is specific to intraday trading

  • If position is not closed it gets squared off automatically

Intraday trading means that you buy and sell stocks on the same trading day. Intraday trading is also known as Day Trading. Share prices keep fluctuating throughout the day, and intraday traders try to draw profits from these price movements by buying and selling shares during the same trading day.

Trading time in India - NSE, BSE

A trading day is the span of time in the day during which the stock exchange is open for buying and selling of stocks. In India, the normal trading time for the equity market in Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) is between 9:15 AM to 03:30PM (Monday to Friday).

Intraday Trading- Features

On online trading platforms, you have to specify if an order is specific to intraday trading. In that case, you take a position on the stock and close it within the trading hours on the same day. If you do not close it yourself, the position gets squared off automatically at the market closing price.

You don’t get ownership of the stocks you buy and sell in intraday trading. The goal of intraday trading is not to own the stocks, it’s rather to make profits by reaping the benefit of price movements during the day.

Leveraging: Leveraging means borrowing money from your broker to enhance your buying power, with the aim to amplify the potential returns on an investment. You can take the benefit of leverage in Intraday trading to take a larger exposure while paying a fraction of the open position. There are terms and conditions associated around leveraging that you should get yourself familiar with from your broker to tap its benefits.

  • On online trading platforms, you have to specify if an order is specific to intraday trading.

  • You take a position on the stock and close it within the trading hours on the same day.

  • If you do not close it yourself, the position gets squared off automatically at the market closing price.

  • The goal of intraday trading is not to own the stocks, it’s rather to make profits by reaping the benefit of price movements during the day.

Additional Read: How to Start Trading In India

Intraday Trading vs. Delivery Trading

Unlike Intraday trading, if you buy a share but do not sell it on the same trading day, it is called delivery trading. In delivery trading, the stocks you buy are credited to your demat account. You hold it for as long as you want, for days, months or years before selling it. You continue to have the ownership of these stocks. In delivery trading, investors consider the long term price movement of the stocks to book profits rather than its price fluctuations within the day.

Additional Read: How to Open Demat Account Online

What is the brokerage charge for intraday trading?

With Bajaj Financial Securities Limited (BFSL), you can get the benefit of low brokerage rates for intraday trading. Through our affordable subscription plans, you can trade at a flat fee per order and save significantly on brokerage costs. Below are the brokerage charges for intraday trading under the 3 subscription packs offered by BFSL:

Subscription packs from BFSL
Equity Intraday trading brokerage
Freedom Pack ₹ 17 / order
Beginner Pack ₹ 9 /order
Professional Pack ₹ 0.99 / order

Full details of the 3 packs are given below:

FREEDOM PACK
BEGINNER PACK
PROFESSIONAL PACK
Yearly Subscription Charges: Free Yearly Subscription Charges: ₹ 500 + GST Yearly Subscription Charges: ₹ 999 + GST
Demat AMC: 1st yr: Free, 2nd yr Onwards: ₹ 365 + GST Demat AMC: ₹ 899 + GST Demat AMC: ₹ 899 + GST
Products Included:
. Equity
. Derivative
Products Included:
. Equity
. Derivative
Products Included:
. Equity
. Derivative
. Margin Trade Financing
Brokerage Rate:
. Equity Delivery: 0.10%
. Equity Intraday & F&O: ₹ 17 /order
Brokerage Rate:
. Equity Delivery: ₹ 0.99 /order
. Equity Intraday & F&O: ₹ 9 /order
Brokerage Rate:
. Equity Delivery & Intraday: ₹ 0.99 /order
. F&O: ₹ 5 /order
. MTF Interest Rate: 0.05% / Day

Want to start trading online? Open your Demat and trading account today with Bajaj Financial Securities through 100% paperless process and get your account in less than 15 minutes.

Disclaimer: Investments in securities market are subject to market risk, read all the related documents carefully before investing. Visit our website for other Terms & Conditions.

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