How to Buy and Sell Shares Online in India

In India, many people still believe that trading is quite a challenging yet difficult job as they find it risky and time-consuming. While many of them prefer to invest in gold and silver because they find them safer than other financial instruments.

However, this is not the case. Many of you need to understand how share trading can play a valuable role in your life. Yes, you heard it right. Investing in online share trading gives you bundles of opportunities to invest in different types of stocks.

Once you gain appropriate knowledge about stock trading, you can easily perform transactions with such ease and book a significant amount of profit. In case you need any help, you can easily connect with an online stock broker, during the initial days. Once you become a thorough expert in buying and selling shares then you can try to do it on your own.

There are 5 steps through which you can buy shares online:

Requirement of a PAN Card

For the Demat account opening process, you must be required to have a PAN card. PAN stands for Permanent Account Number. PAN card is a primary requirement for entering any form of financial transactions across any country.

It is valid id proof that is issued by the government of India. The tax authorities use the PAN card for accessing one’s liabilities.

Depository Participants

NSDL (National Securities Depository Limited) and CSDL (Central Security Depositories Limited) are the main depository participants of India. Such DPs help you to store the shares you hold.

They provide you with a unique account pertaining to the same. Many people often get confused with the term Demat and Trading account. Demat account shows the number of shares you hold. A trading account, on the other hand, allows you to buy and sell shares that you currently have.

Get Yourself a Broker

If you are a beginner then it is advised to consult a full service trusted broker. This is because you will have a broker who gives you guidance on the day to day aspects of share trading.

These stock brokers are SEBI (Security and Exchange Board of India) certified and given licence to act as a broker. In other words, a broker is an intermediary between an independent stock broking firm and a share trader.

Buying and Selling of Shares

This is how you perform in buying and selling shares. For instance, if you want to buy 10 shares of Reliance Industries at Rs 890, you can inform your broker accordingly. Even if you are operating online, you can easily contact the broker by calling the customer care number, if you don't have access to the internet at that point in time.

The sale order will be processed when the shares reach that price. You can execute a stop order also if you want to stop the transaction during the day.

The Bottom Line

Buying and selling shares online is quite an easy job nowadays. There are multiple top stock broker sites that offer quality stockbroking services to its customers.

Also, such companies leave no stone unturned to fulfil the client’s requirements. The swastika is a top-notch stockbroker that offers all types of stock trading services to its customers.