What is the effect of a market order?
Market orders usually get executed immediately at the best prevailing prices in the market. The investor will not know the exact price at which the order will get executed while placing the order.
For instance, let’s assume that the LTP of ABC stock is 100 and the Best Bid is 99 & Best Offer is at 101. Upon placing a Market Buy Order, it will get executed at 101 as it is the best price at which there is a seller at that particular moment. Similarly, if you place a Market Sell Order, the trade will get executed at 99 as the best price at which there is a buyer is at 99.
If you are particular about executing trades at particular prices, then you must place limit orders.
What is a market order?
A market order is an order to either buy or sell an investment at the best available price in the market at that particular moment in time.
What is Post-Market and can I place an order during Post-Market?
Post-Market is the period where the trading activities take place just after the closing of the regular stock market session. Post-market sessions are scheduled between 3:40 PM and 4:00 PM on the trading days for both the National Stock Exchange ...
What is Pre-Market and how can I place the order during that time?
Pre-Open Market is the period where the trading activities take place just before the commencement of the regular stock market session. The pre-open market sessions are scheduled between 9:00 AM and 9:08 AM on the trading days for both the National ...
What is the effect of Bracket Order (BO)?
The investor can specify his/her profit expectation as well as the maximum risk that he/she would be willing to incur in a single order.
What are After Market Orders (AMO)?
After Market Orders (AMO) are placed in the system after the markets are closed for the day. AMO will be executed on the next trading day as per the order type and price mentioned.