How To Sell Equity Shares In Upstox Online Order Procedure Steps

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How to Sell Equity Shares in Upstox: A Step-by-Step Guide

Upstox, a leading online discount brokerage firm based in India, offers a user-friendly platform to trade in equities, currencies, commodities, and more. If you’re an account holder with Upstox and looking to sell your equity shares, this guide will walk you through the process step by step.

How To Sell Equity Shares In Upstox Online Order Procedure Steps

Step-by-Step Procedure

Step 1: Log In to Your Upstox Account

First, log in to your Upstox account either through their website or mobile application.

Step 2: Go to the ‘Watchlist’ Section

Once logged in, navigate to the ‘Watchlist’ section where you can see the list of stocks that you have added for tracking.

Step 3: Select the Stock to Sell

Select the stock from your watchlist that you wish to sell.

Step 4: Click on ‘Sell’

After selecting the stock, click on the ‘Sell’ option.

Step 5: Enter the Quantity

In the new window that appears, enter the quantity (number of shares) that you want to sell.

Step 6: Choose the Order Type

Choose the order type. You can select either a market order (to sell at the current market price) or a limit order (to sell at a specific price).

Step 7: Review and Confirm

Review all the details carefully. Once you have confirmed that all the information is correct, click on ‘Sell’ to place your order.

Step 8: Order Confirmation

You will receive a confirmation message once your order is successfully placed. You can check the status of your order in the ‘Order Book’ section.

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Things to Know

  • Ensure that you have sufficient holdings in your Demat account before placing a sell order
  • Make sure to choose the correct order type based on your selling strategy.
  • Be aware of the market hours. The normal trading hours in India are from 9:15 AM to 3:30 PM
  • Upstox charges brokerage fees for every trade, so factor this into your calculations

Frequently Asked Questions

1. How do I sell my shares on Upstox?

You can sell your shares on Upstox by logging into your account, selecting the stock you want to sell from your watchlist, entering the quantity, choosing the order type, and confirming the order

2. Can I sell my shares anytime I want?

You can place a sell order anytime during market hours, i.e., from 9:15 AM to 3:30 PM

3. What is the difference between a market order and a limit order?

A market order is an order to buy or sell a stock at the current market price, while a limit order is an order to buy or sell a stock at a specific price

4. How much does Upstox charge for selling shares?

Upstox charges a brokerage fee for selling shares. The exact amount depends on the type of account and the transaction value. You can check the detailed fee structure on the Upstox website

In conclusion, selling equity shares on Upstox is a straightforward process if you understand the steps involved. This guide aims to help you navigate the process with ease and make informed decisions about your stock trading activities.

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