BTST (Buy today and sell tomorrow)

Buy Today Sell Tomorrow (BTST) facility allows you to sell the shares bought using equity delivery order type before they are credited into your demat account on T+2 days.

Note that, all intraday positions (or margin trades) are closed by end of the day. When you buy shares in cash (Equity Delivery segment), the shares are credited in the demat account (for sale) only after T+2 days.

If you would like to hold the intraday position for 1 or 2 more days or you would like to sell the equity delivery position before T+2 day, you can use the BTST facility. BTST allows customers to sell shares even before they are credited into the demat account.

Visit BTST Trading Explained to read more about BTST.

BTST Example:

Suppose you buy 100 shares of Wipro on 5^th October 2020 using equity delivery order type. If the broker you are trading with offers BTST facility, you could be able to sell these 100 shares before they get delivered to your demat account on T+2 day. This means you can sell them on 6^th Oct 2020.

The BTST facility is stopped by the majority of stock brokers after SEBI introduced the new margin policy.

Note:

• BTST facility is available only on few scripts. It depends on the broker to identify the list of the script for which the BTST facility is available. For example, at ICICI Direct, the BTST sell option is available for selling NIFTY, NIFTY Junior & Margin Trading Scripts.
• This option is available for two trading days after the buy order. On the third day, shares will be delivered in your demat account, and you can place a normal sell transaction.
• BTST facility is only provided by a few brokers.
• Most brokers do not provide BTST facility for SME companies.

Zerodha BTST Policy

Zerodha offers the BTST facility to its customers where you can buy the stock today and sell it tomorrow before you get the delivery of the shares.

To do BTST trades, you just have to buy the stock for delivery (Order type: Longterm CNC) and the next day sell the stock using the same order type.

Upstox BTST Policy

Upstox does not offer BTST facility. They stopped offering this facility since September 2020 after SEBI introduced the new margin policy.

If you have an account with Upstox and you have bought 500 Shares of Infosys Ltd on 1^st Sept 2020. You would be able to sell such shares only post settlement of the same from exchanges. The settlement in the equity segment being on T+2 days and therefore such stock would be available to sell from 4^th Sept 2020.

Answered on 2020-10-08