What is the meaning of Square off, M2M and BPL?
Square off: When you buy/sell shares by selecting the intraday option you will have to reverse the transaction (this is referred to as square off) before 3.00 pm. If you do not square off the open position by 3.00 pm, we will square off the position at our end. M2M (Mark to Market Profit or Loss): The value of the portfolio is shown according to the market price of the portfolio on that day. So if the market price goes up then the mark to market is positive and vice versa. This is the notional profit/loss as long as you hold the position and is referred to as M2M. BPL (Booked Profit and Loss): This means the profit/loss that has been realized.
