NSE to shift stocks of 47 firms to restricted trading segment

The National Stock Exchange has decided to move the securities of 47 companies including

RELATED ARTICLES

Educomp Solutions, Binani Industries and Birla Cotsyn (India) Ltd to the restricted trading category from April 15.

The move is part of a surveillance review and to ensure market safety and safeguard the interest of investors, NSE said in a notice today.

The scrips of the 47 firms would be shifted to the trade-for-trade segment or the 'T' group category. It allows for only delivery-based transactions and traders cannot take intra-day positions in such stocks.

Indiabulls Infrastructure and Power, Jindal Photo, Kirloskar Electric Company, Media Matrix Worldwide and NELCO are among the scrips to be shifted to 'T' group.

"Members are requested to take adequate precaution while trading in the above securities, as the settlement will be done on trade-to-trade basis and no netting off will be allowed," NSE said.

However, it added that "the transfer of security for trading and settlement on a trade-to-trade basis is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company".

These stocks will attract a circuit filter of up to 5 per cent which would be the maximum permissible limit within which their share prices can move.

Besides, NSE said as many as 174 stocks including Bharati Shipyard and Birla Ericsson Optical would continue to trade under 'T' Group category.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • It’s another challenging year for a govt that’s missed 20 of 24 targets

    The government has set an ambitious target for money to be raised through sale of public sector company shares.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

BK Chaturvedi

Corruption law calls for correction

In any country, it is its laws against corruption that ...

Kuruvilla Pandikattu SJ

Believers of the world set to rise

The world is set to become more religious as the ...

Gautam Gupta

The changing face of the fashion world

Indian fashion industry, like every fashion industry in the world, ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture