BSE to move 41 stocks to 'T' group; NSE to shift 9

Premiere stock exchanges BSE and NSE have decided to move securities of various companies to the restricted trading category from January 31 to safeguard investors as well as the market.
While BSE will transfer 41 stocks to the trade-for-trade category or 'T' Group, the National Stock Exchange will shift nine securities to the segment, the bourses said in separate notifications today.
Only delivery-based transactions are allowed in this segment and traders can't take intra-day positions.
Stocks which will be shifted to the restricted category on both the exchanges include Agro Dutch Industries, Allsec Technologies, Cyber Media (India), Euro Multivision, Karma Energy, Novopan Industries and Sharyans Resources.

Besides, BSE will shift securities of Axis Capital Markets (India) Ltd to the trade-for trade segment.
According to the bourses, their moves are part of a surveillance review for ensuring market safety and safeguarding the interest of investors.

The exchanges have asked its members "to take adequate precaution" while trading in these stocks.
However, they said that the move "is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company".
These stocks would attract a circuit filter of up to 5 per cent -- the maximum permissible limit within which they can move.

NSE also said that 282 stocks will continue in the trade -for-trade segment on its platform which include securities of Kingfisher Airlines, Moser-Baer and Birla Cotsyn (India) and Bharati Shipyard.