In Indian stock markets and trading platforms like Zerodha, CNC stands for Cash and Carry. It is a specialized delivery-based trading product code utilized exclusively for buying and holding equities for the long term. Unlike intraday trading (MIS), where positions must be squared off on the same day, CNC allows investors to purchase shares, pay the full purchase price, store them safely in their demat depository accounts, and sell them whenever they choose in the future.