Additional trading curbs on cos with m-cap of Rs 1000 cr, clarifies BSE

Experts say the impact of the circular less than feared earlier

BSE on Wednesday clarified that the additional curbs will only apply to securities exclusively listed on its platform with market cap of less than Rs 1,000 crore. Further, it will cover only scrips that are part of X, XT, Z, ZP, ZY and Y group and quote at more than Rs 10 per share.

The exchange in a circular on Monday had announced a new surveillance framework aimed at curbing excessive speculation. Under this, the exchange has capped the upside and the downside for a stock during a particular time period.

The directive coincided with a decline in the small