STOCK MARKET BSE NSE

BSE to move 47 stocks, NSE to shift 18 scrips to 'T' Group

Published: 06th November 2013 02:56 PM  |   Last Updated: 06th November 2013 02:56 PM   |  A+A-

By PTI

Leading stock exchanges NSE and BSE will shift securities of various companies to the restricted trading segment on their platforms, with effect from November 11, to ensure market safety and safeguard investor interests.

BSE would transfer 47 stocks to the trade-for-trade segment or the 'T' Group while NSE would move 18 scrips to this category, the bourses said in separate notifications.

Few of the stocks which would be moved to the 'T' Group segment on both the exchanges are -- Brandhouse Retails, Donear Industries, Websol Energy System, Pioneer Distilleries,Nitco, Amit Spinning Industries and Paramount Printpackaging.

In the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.

The measure is part of the surveillance review and "to ensure market safety and safeguard the interest of investors," BSE and NSE said.

The stock exchanges have asked their trading members to take "adequate precaution" while dealing in these securities.

However, they added that the transfer of these securities to the 'T' Group segment "is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company".

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

Meanwhile, NSE also said that as many as 173 stocks would continue in the trade-for-trade segment on its platform.

Some of these securities are that of Aditya Birla Chemicals (India), Bharati Shipyard, Aditya Birla Money, Birla Power Solutions, Essar Shipping and Reliance Broadcast Network.



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