Select stocks advance on being shifted back to rolling settlement

Fourteen stocks gained by 1.05% to 4.98% at 14:21 IST on the BSE on reshuffling as these stocks would be shifted back to rolling segment from trade to trade segment.

Meanwhile, the BSE Sensex was down 128.35 points, or 0.5%, to 25,451.86

Ajmera Realty & Infra India (up 1.98%), Aksh Optifibre (up 4.95%), Avanti Feeds (up 5%), Binani Industries (up 4.98%), Dynamatic Technologies (up 2.53%), Educomp Solutions (up 4.9%), Hindustan Dorr-Oliver (up 4.9%), Phoenix Lamps (up 2.4%), Kothari Products (up 1.05%), MIRC Electronics (up 4.86%), Rohit Ferro-Tech (up 4.47%), Seamec (up 2.89%), S. Kumars Nationwide (up 4.98%) and Titagarh Wagons (up 2.77%) gained.

The NSE in a circular issued after market hours on Monday, 9 June 2014 said that shares of 90 companies will be shifted to rolling segment from trade for trade (T group) segment at the existing price bands with effect from Friday, 13 June 2014.

Stocks are put under the T group as a surveillance measure to safeguard the interest of the investors by countering unwarranted movements. Shares traded under the T group have to be settled in delivery and squaring off of bought and sold positions during the day is not permitted.

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