while placing API orders-should i place only in terms of .05paise multiples?

ZI4453
i see a restriction to place a LIMIT orders in terms of ".05paise" intervals but i see that stock prices vary between ".01-.09paise" also.. Will this ".05paise" restriction be available for API trading also ?
  • themohammedfaisal
    themohammedfaisal edited May 27
    @ZI4453,

    Most NSE and BSE instruments trade with a tick size of 5 paise and all orders executed are in multiples of this.
    CDS, MCX contracts and BSE stocks trading below Rs 15 carry different tick sizes.
    but i see that stock prices vary between ".01-.09paise" also
    That is not possible if the tick size is 5 paisa. Can you share how you encountered this issue?
  • ZI4453
    Sir -- while placing order for RCOM it prompted for entering in .05paise but when i see average price in nse site it was 2.12 paise.. was wondering how it got the price ? is it because of bulk/block deals?
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