Important update on account of Parliamentary Election Results
Due to the Lok Sabha Election results on 4 June 2024, the market is expected to be volatile. To manage potential volatility, we are implementing some temporary risk management.
As per this, please review the following important updates applicable only on 4 June 2024:
- MTF will be available only on Stocks that are listed in the F&O segment (Refer to - List of Underlyings and Information - NSE India)
- Due to expected volatility, higher margins will be applicable. Please monitor your leveraged positions in Equity, Equity Derivatives (F&O), Commodities and ensure that you have sufficient funds or collaterals available in your account
- Cover Orders (CO) will be unavailable
- If any intraday orders can’t be squared-off, they will be converted to Delivery. Please ensure that you have sufficient funds for such trades or we will square-off these positions in the next trading session
We will closely observe all market activities during the trading session on 4 June, 2024. Necessary actions will be taken as required to maintain market stability.
Stay tuned for further margin related announcements here: Announcements - Upstox
If you have any questions or need assistance, please do not hesitate to contact our customer service team. Thank you for your continued trust and partnership with us.
Best Regards,
Upstox