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Is intraday trading allowed in Islam, and if so, what are the references from Hawala?

Answered as per Hanafi Fiqh by Darulifta-Deoband.com
I want to know about intraday trading? wheather it is allowed in islam or not please give with refrance[hawala].
Answer

(Fatwa: 472/581=B)

If the buyer had a possession of it after purchasing then he can sell the thing in evening which he bought in the morning.

Allah (Subhana Wa Ta’ala) knows Best
Darul Ifta,
Darul Uloom Deoband

This answer was collected from the official ifta website of Darul Uloom Deoband in India.