BSE to shift 31 stocks to T category; NSE to move 7 scrips

After a surveillance review, the leading bourse, BSE, today identified a total of 31 scrips for restricted trade category.

BSE would shift 31 stocks to the trade-to-trade segment, in addition, NSE would transfer seven scrips to this category, the exchanges said separately. These changes would be effective from September 14, they added. In "trade-to-trade" or "T" segment no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory. The move is part of the preventive surveillance measure taken by bourses to ensure the market safety and to safeguard the interest of investors. Also, the exchanges have advised exercise of caution while trading in these stocks. BSE said it would move stocks such as Oscar Global, RCL Foods, Maruti Securities, among others, to the "T" group, on the other hand, NSE would shift Excel Infoways, Mangalam Timber Products Ltd, among others, in the segment.