CDSL users experiencing difficulty selling stocks on Zerodha

Zerodha, an online stock brokerage firm, announced an issue with Central Depository Services (India) Limited on Monday (CDSL). Investors may have difficulty authorising the sale of equities, according to the broker, due to a depository issue.

It said on Twitter, “Due to a CDSL issue, you may have trouble authorising the sale of your stocks. We’ve contacted CDSL and are working to remedy the problem as soon as possible.” “If you want to sell your Kite shares before CDSL fixes the authorization issue, you can now do so without going through the CDSL approval process. Please ensure that your holdings are authorised by 5 p.m “In another tweet, Zerodha stated.

CDSL has yet to respond to the situation.

One of the biggest depositories, CDSL, allows investors to deposit assets by opening an electronic account (dematerialised).

The 30-share Sensex was trading 510 points lower at 61,816 after hitting an all-time high of 61,894.33 in early sessions. Similarly, the Nifty rose 157 points to 18,495.9 after initially setting a fresh intra-day high of 18,521 in early trade.

With over 6 million users, Zerodha is India’s largest trading platform. In recent years, the platform has been increasingly important in the emergence of first-time investors in the stock market.

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