BSE to shift over 275 stocks to 'T' group – Business Today – India …
Home/MARKETS/Stock Watch/Story
BSE to shift over 275 stocks to ‘T’ group
Team Money TodayLast Updated:
June 26, 2014 | 19:01 IST
Tags: BSE
|
|
|
|
|
|
|
Triveni Engineering & IndustrieSChange font size
Indian equities should remain uptrend despite Iraq oil crisis
Indian market turnover soars to record high of Rs 7 trillion
The Bombay Stock Exchange (BSE) will shift over 275 scrips from Group ‘B’ to Group ‘T’.
The scrips which are going to shift would be traded and settled on trade-to-trade basis effective from June 30, 2014.
If a company is shifted for settlement on trade-to-trade basis, selling or buying of shares in that scrip results into giving or taking delivery of shares at the gross level and no intra-day netting off/squaring off is permitted. The scrips which form part of the ‘Z’ group are compulsorily settled on a trade-to-trade basis.
Some of the companies which are going to transfer to ‘T’ group are BEML, 3i Infotech, CNI Research, DB Realty, Edelweiss Financial Services, NIIT Ltd and Triveni Engineering & Industries. These companies will join the other 781 scrips on the BSE which are already the part of Group ‘T’.
The BSE has asked it members to take adequate precaution while trading in these scrips. Market participants should note that the 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. Further, this is a temporary measure and will be reviewed periodically depending on the market conditions. Scrips in T-Group will continue to attract a circuit filter of 5% or lower as applicable
In ‘T’ segment no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
PREVIOUS STORY
Essar Oil stock hits upper circuit on delisting offer
For more news from Business Today, follow us on Twitter @bt_india and on Facebook at facebook.com/BusinessToday
Tags: BSE
|
|
|
|
|
|
|
Triveni Engineering & IndustrieS
Essar Oil stock hits upper circuit on delisting offer
Shares of gas explorers slump after govt defers gas price hike
CCI orders fresh probe against DLF, shares fall
Banks’ asset quality improves but systemic risks rise: RBI
Indian market turnover soars to record high of Rs 7 trillion
Ratan Tata lauds Modi govt’s steps to reboot economy
Taken from:
BSE to shift over 275 stocks to 'T' group – Business Today – India …
See which stocks are being affected by Social Media
