NSE to make 26 stocks 'restricted'
9 Oct 2013 4:59 AM IST
With the aim of ensuring market safety, leading bourse National Stock Exchange (NSE) on Monday said that it would shift 26 scrips, including Bharati Shipyard and Essar Shipping, to the restricted trading category from October 11. Among other scrips, which would be shifted to the trade-to-trade segment include 3i Infotech, Bartronics India, Ramky Infrastructure and Zenith Birla (India) Ltd. In the trade-to-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The move is part of the preventive surveillance measure to ensure the market safety and to safeguard the interest of investors, NSE said in a circular. 'Trading in securities (26)...will be available in Trade for Trade segment at a price band of five per cent with effect from October 11, 2013 (Friday),' the exchange said. Also, the exchange has advised exercise of caution while trading in these scrips.
The move is part of the preventive surveillance measure to ensure the market safety and to safeguard the interest of investors, NSE said in a circular. 'Trading in securities (26)...will be available in Trade for Trade segment at a price band of five per cent with effect from October 11, 2013 (Friday),' the exchange said. Also, the exchange has advised exercise of caution while trading in these scrips.
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