What is an IOC order and a Day order on Share India?

When placing an order in the stock market, it’s not just about selecting the right stock and price—you also need to decide how long the order should remain active. This is where order validity types come into play. Two common types are IOC (Immediate or Cancel) orders and Day orders.

IOC Order

An IOC order is an order that gets executed immediately, either partially or in full, and any unexecuted portion is automatically cancelled.

How IOC Works:

• If the order can be fully matched at the set price, it is executed completely.
• If only partial matching is possible, that portion is executed, and the rest is cancelled.
• If there is no matching bid/ask, the entire order is cancelled instantly.

Day Order

A day order remains active until the end of the trading day. If it is not executed by the time the market closes, it is automatically cancelled.

Here are the brief differences between the two:

How to Select Order Validity on the Share India Trading Platform?

Via Web Portal

Step 1: Log in to your Share India web portal and select the stock you want to trade.

Step 2: Select ‘Buy’ or ‘Sell’ to initiate the process.

Step 3: While placing your order, select IOC order or Day order as your order validity type.

Note: You cannot select IOC for stop-loss orders on the same trade.

Step 4: Fill in the remaining details and confirm your trade.

Via Mobile App

Step 1: Log in to the Share India stock trading app and select the stock you want to trade.

Step 2: While placing your order, select IOC Order or Day Order as your order validity type.

Step 3: Fill in the remaining details and swipe to confirm your trade.

In case you face any issues or need any support while using the platform, you can contact the Share India support team via email at support@shareindia.com or by phone at 1800 203 0303.