Reliance intraday margin (MIS)
For an intraday trade in a stock, the exchange margin is VaR plus extreme loss margin (ELM), with a floor of 20% of the trade value. NSE Clearing publishes the VaR percentage for each scrip several times a day; for large, liquid stocks such as Reliance it is often below 20%, so the floor sets the margin.
Margin for this trade
Margin data as of (NSE file)
| Basket | SPAN | Exposure | Option value | Premium | Stocks, minimums and 5% buffer | Total |
|---|---|---|---|---|---|---|
Buy 100 shares, intraday (MIS) NSE cash file of 30 Oct 2026
| ₹0 | ₹0 | ₹0 | ₹0 | ₹24,515 | ₹24,515 |
Buy 100 shares, delivery (CNC) NSE cash file of 30 Oct 2026
| ₹0 | ₹0 | ₹0 | ₹0 | ₹1,16,740 | ₹1,16,740 |
- Buy 100 shares, intraday (MIS) NSE cash file of 30 Oct 2026
- Buy RELIANCE NSE, 100 shares
- SPAN
- ₹0
- Exposure
- ₹0
- Option value
- ₹0
- Premium
- ₹0
- Stocks, minimums and 5% buffer
- ₹24,515
- Total
- ₹24,515
- Buy 100 shares, delivery (CNC) NSE cash file of 30 Oct 2026
- Buy RELIANCE NSE, 100 shares
- SPAN
- ₹0
- Exposure
- ₹0
- Option value
- ₹0
- Premium
- ₹0
- Stocks, minimums and 5% buffer
- ₹1,16,740
- Total
- ₹1,16,740
≈ approximate Per basket, at the exchange’s reference prices, on the nearest expiry all legs share. Option value is the value of sold options less the credit for bought ones. The 5% buffer rounds the estimate up.
That is ₹92,225 less than buy 100 shares, delivery (cnc).
Worked out from the margin files NSE, BSE and MCX publish each day (SPAN, VaR and exposure rates), then rounded up by 5% to stay on the safe side. Your broker can ask for more: ad hoc or delivery margins, its own intraday leverage, or a higher figure during peak-margin checks. Use it to plan a trade, and check the order window before you place it.
How this margin works
An intraday position must be squared off the same day, so only that margin is blocked. A delivery (CNC) buy needs the full value of the shares, because you are paying for them. A delivery sell needs no margin when you already hold the shares.
The table prices 100 shares at the reference price in the exchange file. The calculator lets you change the quantity and price, and add more stocks or F&O legs. Brokers may ask for more than the exchange figure, for example during volatile sessions, and some offer their own intraday leverage.
The figures follow the calculator’s method: SPAN and exposure from the clearing corporation’s files, option value and premium, and a 5% buffer.
Reliance intraday questions
What is the intraday margin for Reliance shares?
VaR plus ELM from the NSE Clearing file, at least 20% of the trade value. The table shows the figure for 100 shares as of the file date above it; enter your own quantity and price in the calculator.
Why does delivery need the full amount?
A delivery buy means you take the shares and pay for them, so the whole value is blocked. Intraday positions are closed the same day, so only the exchange margin is needed.
Sources
- Peak margin: SEBI circular SEBI/HO/MRD2/DCAP/CIR/P/2020/127, 20 July 2020 (framework to verify upfront collection of margins), listed among SEBI circulars; and Collection and reporting of margins in the cash segment, SEBI, 31 July 2020.
- Expiry-day exposure margin on short options: Measures to strengthen the equity index derivatives framework, SEBI, 1 October 2024 (effective 20 November 2024).
- NSE F&O and cash margins: NSE Clearing margins and NSE Clearing SPAN.
- BSE F&O margins: Indian Clearing Corporation margins and its risk parameter files.
- MCX margins: the daily SPAN risk parameter file published by MCX Clearing Corporation (MCXCCL), on its risk management pages.
Figures updated . Method and text reviewed by the Cirrus team on .
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