BSE, NSE to shift 61 scrips to trade-to-trade segment

Mumbai, May 17 (IANS) The Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Tuesday decided to shift 61 companies’ scrips to the restricted trading segment from May 23 in order to ensure safety of investors in the capital markets.

BSE said it would shift as many as 51 scrips to the trade-to-trade (the ‘T’ group) segment, while NSE would move 10 stocks to the category.

The scrips to be moved to the restrictive segment on both the bourses include Resurgere Mines & Minerals, Sezal Glass, HMT Ltd, Suryajyoti Spinning Mills, Capital Trust Ltd, Kemrock Industries and Exports, Lumax Automotive Systems, Acropetal Technologies Ltd, Spectacle Ventures Ltd and others.

No speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory in the segment.

The bourses said the shift was a part of surveillance review to ensure market safety and safeguard the interest of investors. They asked trading members “to take adequate precaution” while trading in these scrips.

BSE and NSE also issued a list of stocks that would continue in the trade-to-trade segment on their respective platforms.

–IANS

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