On Monday, the client purchases 5 shares of Reliance at ₹2,000 each, with a total buy value of ₹10,000. According to the settlement cycle, this trade will be settled on T+1 day, i.e. Tuesday.
On Tuesday, the client sells the same 5 shares of Reliance at ₹2,100 each, with a sell value of ₹10,500 before the trade is settled.
On Tuesday, the stockbroker allocates the received shares to the client's upcoming delivery obligation, and the sell transaction is settled on Wednesday.
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What is the difference between Intraday and Delivery Trade?