Can I sell my shares after pledging at FYERS?
Yes, you can sell your pledged shares at FYERS during market hours without unpledging them first.
Even though pledge and unpledge requests are processed only at the end of the day (EOD), you don’t need to wait to sell your pledged holdings. You can sell them anytime during trading hours. The system automatically handles the margin reversal and updates at EOD.
When you sell pledged shares, the margin benefit received from those shares is reversed from your collateral. This ensures proper settlement and keeps your margin usage accurate throughout the day.
How share sales are prioritised
When you place a sell order, FYERS follows this priority to determine which shares are sold first:
- Free quantity – Unpledged shares available for trading
- Newly pledged quantity – Shares for which pledge was requested on the same day
- Pledged quantity – Shares already pledged and approved as collateral
- T1 holdings – Shares bought but not yet settled
This ensures your free and recent holdings are used up before pledged shares are liquidated.
Example scenarios
- Selling after unpledge request: If you unpledge and sell the same shares on the same day, both actions are processed at EOD. You don’t need to cancel either.
- Partial unpledging: If you unpledge a portion and sell another portion, the system reconciles both actions at the end of the day.
- Pending pledge request: If you raise a pledge request and sell the same shares before EOD, the pledge request is automatically cancelled for the sold quantity.
Need help unpledging? Follow this step-by-step guide.
Points to remember
- You can sell pledged shares during market hours without unpledging.
- Pledge and unpledge requests are processed at EOD, not in real-time.
- When you sell pledged shares, the margin is automatically reversed.
- FYERS prioritises selling free quantity first, then pledged and T1 holdings.
What if?
| Scenario | What you can do |
|---|
| I submitted an unpledge request but sold the shares too | No action needed. Both requests are processed together at EOD automatically. |
| I placed a pledge request but sold the shares before EOD | The pledge request will be automatically cancelled for the sold quantity. |
| I want to sell pledged shares without waiting for unpledge | You can sell them directly during market hours. No need to unpledge. The system handles margin and settlement updates at EOD. |
| I sold both free and pledged shares. Which gets sold first? | Free shares are sold first, followed by pledged and then T1 holdings as per priority order. |
Last updated: 31 Oct 2025
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