Announcements

We’ve brought back Cover Orders (CO) for Intraday Equity and Futures trading. You can even avail up to 5x margins on such orders.

Read on to know more.

What is a Cover Order (CO)?
This is a special order type that is a combination of a market/limit order and a stop-loss order. It has 2 legs: the first leg is always a limit/market order and the second leg is a stop-loss order.

In case the 1st leg is a buy (market/limit) order then your second leg would be a sell (stop-loss) order. In case the 1st leg is a sell (market/limit) order then your second leg would be a buy (stop-loss) order.  Both orders are interconnected. The order can be modified up to the last traded price (LTP) in the case of a favorable market movement.

What are the benefits of placing such an order?
Cover orders have a major advantage in terms of the margin you get for placing that trade. Currently you can avail up to 5x margins on Equities and 2x on Futures CO. To know more about our margins click here.

Just like all Intraday orders auto square off for cover orders takes place at 3:00 PM.

How to place a CO on Upstox?
To place a CO for Intraday Equities and Futures trading, you’ll need to select ‘CO’ under ‘Order Complexity’ from the order entry screen. You will need to enter the Limit Price and the Stop-Loss price while placing a CO.

Make the most of this update while trading and limit your losses! 

We are conducting a scheduled upgrade & maintenance activity today, 24th Apr'21, from 10.30 AM to 12.30 PM to ensure that you can enjoy a seamless trading experience on Upstox. During this time you may not be able to login to the Upstox mobile app & desktop platform to access some of our core services. Thank you for your patience & cooperation.

On account of Ram Navami, markets will be closed on Wednesday, 21st April 2021. Trading will resume on Thursday, 22nd April 2021.

MCX will be closed on Wednesday, 21st April 2021 for the morning session. The second session (5:00 PM to 11:30 PM) will take place as usual.

Please note: All fund withdrawal requests placed on Wednesday will be processed on Thursday, 22nd April 2021.

We’ve got an important update this week.

Tuesday, 13th April 2021 is a settlement holiday on account of Gudi Padwa. Due to this, all Stock (Equity Delivery) orders placed today and tomorrow (12th & 13th April 2021) will reflect in your Demat account on Friday 16th April 2021.

Wednesday, 14th April 2021 is a trading holiday because of Dr. Babasaheb Ambedkar Jayanti. This means markets will remain closed and no trading and investing will happen on this day.

To help you understand what this means and how it impacts you, we’ve simplified the details below.

What’s a settlement holiday?
Settlement holidays are when markets are open but the settlement of your trades do not take place as per the usual T+2 cycle because either the depositaries (NSDL and CDSL) are closed or banks are closed on that day.

What’s a trading holiday?
Trading holidays are when markets are closed and no trading or investing takes place on this day. Settlements also do not happen on this day.

What will be the impact of these holidays on your trades?
On account of the holidays on 13th and 14th April 2021 kindly note the following impact:

1. All trades placed on 12th and 13th April in the Equity (Stocks) segment will be settled on Friday, 16th April 2021.
2. All trades placed on 12th and 13th April in the Derivative (F&O, Currency, Commodity)  segment will be settled on 15th April 2021.
3. All shares bought on 12th April will be visible under T1 holdings on 13th April but you will only be able to sell them on 15th April.
4. The credit bill amount for all segments on 12th April will not be available for trading or withdrawal purposes till 16th April 2021 because this amount will be blocked due to the settlement holiday.
5. All fund withdrawal requests placed on 13th April will be processed on Friday, 16th April 2021.

You can also check a list of future settlement holidays here and trading holidays here.

If you have any queries, you can raise a ticket on the Upstox mobile or desktop platforms. 

We’ve temporarily disabled our desktop trading platforms, NEST trader terminal, Dartstock & Fox Trader. To continue trading seamlessly, use our web trading platform- Upstox Pro web. You can access this by clicking here.