What is IOC in the Share Market?

Listen to our Podcast: Grow your wealth and keep it secure.

0:00 / 0:00

IOC stands for Immediate or Cancel order. It is one of the many types of order that a trader can place in the share market. With IOC, a trader gives instruction to broker that as soon as the order is released in the market, the buying or selling of securities should happen immediately and if it doesn’t happen, the order gets cancelled without any intervention from the investor.

It is a duration order where the investors decide how long the order will remain active in the market. IOC is a zero-duration order since there are only a few seconds of timelapse between the order placement and its execution.


Mr. A initiates a Market IOC order for 1000 shares of XYZ Ltd. at Rs. 100 each. As soon as the order is entered into the system only 200 shares are available at Rs. 100/-/ in this case, 200 shares will be bought and the market IOC order for the remaining 800 shares will be automatically cancelled.

What is the need for an IOC?

An IOC should be used for the following reasons:

  • To place a large order without manipulating the prices.
  • To place a large order which will possibly get executed in tranches
  • When placing multiple orders and you cannot monitor each trade

Flexibility with IOC

Any investor can set the IOC order as a market order or a limit order:

  • When an investor places a market order the shares are bought or sold at the prevailing market prices.
  • When an investor places a limit order, they can set a specific price at which they want to buy or sell a particular scrip.

When is an IOC order effective?

An IOC order is most effective when you place a large order but do not want to influence the markets. Especially large orders with low volume stock can influence the price if left open for a long time. The IOC order doesn’t remain open for a long time and the partial fulfilment facility makes it a flexible option.


If used correctly, IOC order can be very efficient. Multiple IOC instructions over time can be executed without the need to keep track of their status for an extended period. To start trading with IOC orders, you can open a Demat and Trading Account.

Share this article: 


What is Trade & Carry?

A trader can enhance his/her potential in the stock market with the facility of carry and trade. Learn, what is carry and trade, how to use it and what are the benefits of it.


Share Market Timings in India

Dive into the intricacies of Indian stock market hours, including pre-opening, normal trading & post-closing sessions, along with insights into forex trading timings.


Share Market Timings | BSE & NSE, Opening & Closing | Bajaj Broking

Discover the Indian share market's schedule with our comprehensive guide on share market timings, helping investors align with trading hours for ideal strategies.


Stock Market Trading Holidays

Explore in-depth insights on Stock Market Trading Holidays in our Knowledge Centre. Stay informed with expert analysis, tips, and guidance.


Dividend Yield Calculator

Dividend Yield Calculator: Learn how to calculate and interpret dividend yield to make informed investment decisions and maximize your returns.


What are Penny Stocks

Penny Stock Investing: Learn how to get started in three simple steps & explore the potential rewards of navigating this volatile yet rewarding market.


Difference Between Cash Flow And Fund Flow

Explore in-depth insights on Difference Between Cash Flow And Fund Flow in our Knowledge Centre. Stay informed with expert analysis, tips, and guidance.


Diversification in Investing

Learn the art of diversification in investing: mitigate risk, optimize returns & build a resilient portfolio. Get insights into effective diversification strategies!


What are Equity Shares

Learn about equity shares and their significance. Dive into the basics of equity share investments in the Indian share market.


Zero Coupon Bond

Zero-Coupon Bonds: Know how these bonds offer investors the face value at maturity without periodic interest payments. Delve into the pros & cons of discount bonds!

Our Secure Trading Platforms

Level up your stock market experience: Download the Bajaj Broking App for effortless investing and trading

Bajaj Broking App Download

7 Lac+ Users


4.5+ App Rating


4 Languages


₹ 3800 Cr MTF Book