When you place an order, here’s the journey it goes through step by step:

Verification

Your order is first checked to make sure it follows all broker and stock exchange rules.

Sending to Exchange (T Day)

Once verified, your order is sent to the stock exchange. The day you place an order is called T Day (Trade Day).

Order Status

After reaching the exchange, your order can have one of these statuses:

Executed: Your order is matched with a buyer/seller and completed.

Open: No immediate match – the order stays open until it’s matched or you cancel it.

Rejected: If your order breaks any rule, the exchange or broker rejects it.

Settlement (T+1)

Once executed, the exchange ensures money and shares are transferred through market intermediaries. Your demat account gets updated on the next working day (T+1).

You can always check the live status of your orders in the Orders tab > select your order.

When your order status is Open, it means your order has successfully reached the exchange but hasn’t been executed yet. This can happen for a few reasons:

Price Not Reached

If you’ve placed a Limit Order, your order will only execute when the stock hits your chosen price.

Example: You place a buy order at ₹100, but the stock is still trading at ₹102. The order stays open until the price falls to ₹100.

Partial Match

Sometimes, only part of your order is matched at your set price.

Example: You place an order for 500 shares at ₹100, but only 200 shares are available at that price. 200 get executed, and 300 stay open until more shares are available.

Market Closure

If you place an order when markets are closed (weekend/holiday), it becomes an After Market Order (AMO). It will stay open until the market reopens.

Order Expiry

Some orders have a validity period (like "Day" orders). If the stock doesn’t reach your price within that time, the order will expire automatically.

Your Open Orders will remain open until: They get executed, or You manually cancel them. You can easily check and manage these anytime by going to Orders tab > Orders on Millions.

Yes, you can! On Millions, you’re free to edit your pending order instead of canceling and placing a new one. Here’s what you can change:

Quantity – Increase or decrease the number of shares. Example: You ordered 100 shares, but now want only 50. Just edit the quantity.

Price – Adjust your price to increase chances of execution. Example: You placed a buy order at ₹100 but the stock is still trading at ₹101. You can modify the price to ₹101 to get it executed faster.

Switch Limit to Market Order – If you want immediate execution, you can convert a Limit Order into a Market Order. Example: You had a buy limit order at ₹100 but don’t want to wait anymore. Change it to a Market Order, and it’ll execute at the best available price instantly.

Just go to Orders > Open Orders, tap your pending order, and hit Modify.

In India, stock prices can’t just rise or fall endlessly in a single day. To control this, exchanges set Price Circuits – the maximum range within which a stock can move in a day.

Upper Circuit: The highest price a stock can reach in a day. Once it hits this, no further buying orders above that price are allowed.

Lower Circuit: The lowest price a stock can fall to in a day. Once it hits this, no further selling orders below that price are allowed.

Example:

If a stock closes at ₹100 and has a 10% circuit: Upper Circuit = ₹110 Lower Circuit = ₹90

So the stock can only trade between ₹90 and ₹110 for that day.

Circuits act like a “speed breaker” for the market, prevent extreme price swings, reduce panic buying/selling and give investors time to think and make informed decisions.