All intraday positions that you initiated using intraday or CO orders during the day must be closed off before the market closes. If not closed manually, Upstox provides an auto square-off facility where our RMS team will automatically close all the positions at the specified time.
Also, you cannot place fresh intraday or CO orders after this time.
The timings for auto square off are as follows
**Commodities normal session = 9.00 AM to 11.30 PM
(Up to 11:55 PM on account of US daylight savings typically between every November and March of the following year)
Note: We will not accept any intraday buy/sell orders after 3.12 PM. Hence, we recommend closing all your existing open intraday positions before 3.12 PM to avoid them from getting rejected.
If a customer failed to square off his intraday leverage positions before the specified timing, Upstox will square off the intraday leverage positions accordingly and the same will be considered as a Call and Trade and you will be charged ₹59 (₹50 + 18% GST) for the same.
Under exceptional circumstances or due to high market volatility, intraday square off timings may change as per our risk management team’s observation and you will be notified in advance about this. You can also check our Upstox announcement page for this.