BSE, NSE to Shift Scrips to Restricted Segment on Wednesday

Mumbai: Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) will shift securities of several companies including Ramco Systems to the restricted trading segment from Wednesday for ensuring greater investor safety.. BSE in a notice said it has decided to move as many as 39 scrips to the trade-for-trade segment, or the 'T' group. NSE said in a separate notice that it would transfer stocks of 11 firms to this category from August 6.. Besides Ramco, stocks which would be transferred to the 'T' group segment on both the bourses are: Bodal Chemicals, Sharyans Resources, Pioneer Embroideries and Jindal Poly Investment and Finance Company and Kaushalya Infrastructure Development Corporation.. No speculative trading is allowed under the segment and delivery of shares and payment of the consideration amount are mandatory.. The decision with respect to these securities is part of a surveillance review and to ensure market safety and safeguard the interest of investors, the bourses said.. The exchanges have asked trading members "to take adequate precaution" while trading in these stocks.. "Trading Members should note that transfer of scrips 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," the exchanges said.. "This is a temporary measure and will be reviewed periodically depending on the market conditions," they added.. Meanwhile, BSE will shift as many as 559 scrips out of the 'T' group to the normal trading category, and NSE will do the same with 261 stocks from August 6.. Besides, BSE and NSE also issued a list of stocks that would continue in the trade-for-trade segment on their respective platforms.. While BSE has identified 373 companies whose securities will remain under restricted category, NSE has listed over 116 companies.

BSE, NSE to Shift Scrips to Restricted Segment on Wednesday

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