List: BSE to shift 32 stocks in trade-to-trade from June 7
BSE with a view to take preventive surveillance measure to ensure market safety and safeguard the interest of the investors, has decided to take the surveillance action.
As a part of surveillance measures the exchange transfers various scrips for settlement on a Trade-to-Trade basis. The criteria for shifting scrip’s to/fro for settlement on trade to trade basis are decided jointly by the stock exchanges in consultation with SEBI and reviewed periodically.
The exchange with a view to take preventive surveillance measure to ensure market safety and safeguard the interest of the investors, has decided to take the following surveillance actions:
The under mentioned scrip’s will be included in "T" Group and they would be traded and settled on Trade to Trade basis with effect from June 07, 2013 and would attract a circuit filter of 5 percent or lower as applicable. The category applicable to the scrip for transfer to “T” Group from is mentioned alongside the scrip.
Note:- * Of the commonly listed scrip/s, the scrips satisfying all the criteria only at BSE
** Of the commonly listed scrip/s, the scrips satisfying all the criteria only at NSE
Trading members are requested to take adequate precaution while trading in above scrip’s, as the settlement will be done on trade-to-trade basis and no netting off positions will be allowed. Further, as per the provisions of Exchange Notice No. 20050805-12 dated 05 August 2005; a VaR margin of 100 percent will also be levied on these scrips.
Trading members should note that the transfer of scrip’s for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company. Further, this is a temporary measure and will be periodically reviewed depending on the market conditions.