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Consider the following scenario:

  • I purchase 1 share of X at the price of 100 and another share at price 102.
  • On the same day, I sell 1 share at 104.
  • The remaining share is delivered to my demat account.

My question is, what will be the value on which the delivery fees will be charged? Is there a protocol that the exchange follows in deciding which among the two shares (@100, @102) is meant for delivery?

My question is pertinent to NSE India but inputs about other exchanges would also help answer my question.

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This has nothing to do with NSE or stock exchange.

In India we follow FIFO (first in first out) by regulation.

  • The exchange is the one implementing the FIFO, right? What do you mean when you say it has nothing to do with exchange? – user3286661 Dec 21 '17 at 4:02
  • @user3286661 Exchange don't keep track of it. Your broker does. – Dheer Dec 21 '17 at 14:17
  • But this fees ultimately goes to the exchange, doesn't it? My question is what fees does the exchange collect, i.e. on which price? – user3286661 Dec 22 '17 at 5:25
  • @user3286661 The fees broker charges you and the fees he pays to exchange are different. – Dheer Dec 22 '17 at 8:00

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