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Q.

I hold a demat account with SBI .Is trading account mandatory to purchase shares ? I am yet to enter into the ocean of shares.If so i am buying shares is it possible to manage the shares with the help of a software or i have to approach the broker ?

Asked by ChandraMohan Kulasekaran, 16 Mar '09 09:44 pm
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Answers (4)

 
1.

You have to open a trading account with a broker, whether thru him or internet. but a broker and a trading account is a must for buying/selling shares
Answered by iqbal seth, 16 Mar '09 09:45 pm

 
  
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2.

You can buy but can not sell
Answered by Santonu Borpuzari, 16 Mar '09 09:45 pm

 
  
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3.

For selling & buying, u require to have trading account at any broking firm along with demat account. demat a/c is use to keep ur shares in dematerialised form or in electronic form, while trading a/c is use as a client id or ur identity for placing of ur online order of buy & sell of shares, therefore u need the help of broker for managing of shares( selling/ buying). clients those have high volume of transcation of shares can take terminal(software available to brokers example odin - which is use to monitore real-time variation in the price of shares during share trading time(10 am to 3.30 pm) at their home from their broker by paying some additional charges depending on broker to broker.
Answered by Mayank savita, 16 Mar '09 10:57 pm

 
  
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4.

SBI has a tie up with Moti Lal Oswal visit www.motilaloswal.com or http://onlinetrade.motilaloswal.com/Login.ASP your SBI AC and Demat will be linked with Motilal Oswal by default for details contact your Branch. All you require is an internet connection and you can manage your buying/selling activities all by yourself. You can buy in cash i.e. take delivery in dmat form and no need to indulge yourself in the risk of day trading now that u can do later when u gain some experience.
Answered by Somnath PaulChoudhury, 16 Mar '09 10:32 pm

 
  
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