What is AMO and its benefits
After Market Order (AMO) facilitates placing orders after regular market hours. It is an advance order placed for the next trading day. It is for those customers who are busy during the market hours but wish to participate. AMO order time for equity delivery segment is,
NSE: 3.45 PM to 8.57 AM on the next trading day
BSE: 3.45 PM to 8.59 AM on the next trading day
Benefits of AMO
- AMO is for those customers who are busy during market hours but wish to participate.
- In post market hours trading, one need not actively track the price movements of a stock during market hours. You can plan your orders at leisure after doing research before the market opens the next trading day.
- Your presence is not needed at the exchange to execute the order.
- Margin Trading Facility is available for AMO orders on all platforms: KEAT, KST, website.
How does it work
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Using the After Markets Orders facility is very simple. All you need to do is log into your Kotak Neo trading account, and choose the AMO option. You can then place your order.
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This facility is available in the time slots mentioned below:
- 4.15 p.m. to 9.30 p.m.
- 10.30 p.m. to 7.30 a.m.
- 8.30 a.m. to 9.00 a.m.
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When you place an AMO, you have to consider the closing price. However, you have the flexibility of choosing a price which is 5% more or less than the closing price. For example, if the price of a stock you are buying is Rs. 100 at the end of the day, you have the option of choosing a price in the range of Rs. 95 and 105.
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Using the previous example, if it is a buy order and is placed at +/-5% and the share price opens at Rs. 105 on Tuesday, your order is executed at Rs. 105.
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After Market Orders can also be placed through the Call & Trade facility. Using this service, you can call our customer care executives, who will then place the order on your behalf. Simply call the toll free number 30305757 between 4.15 pm and 6.00 pm or 8.30 am and 9.00 am.