Can I sell right issue shares without buying?
Selling shares before the settlement date of your original purchase is generally subject to strict rules known as the T+N cycle. In many markets, if you purchase a stock, it must complete its settlement cycle before you can sell it, or you risk "short delivery" penalties. Attempting to sell shares the same day you bought them is often rejected if they haven't been credited to your DEMAT or brokerage account. While some brokers offer specific "Buy Today, Sell Tomorrow" (BTST) facilities that bypass this requirement, these carry inherent risks, such as the possibility that the original seller fails to deliver the shares, leaving you unable to complete your own sale. You should always consult your specific broker's policy regarding intraday trading and settlement to avoid violating trade regulations or incurring financial penalties.
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