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Leading bourses, BSE and NSE, today have identified several scrips to be shifted to the restricted trading category with effect from June 7 as a measure to ensure market safety.
In a circular, BSE said it would shift 32 stocks to the trade-to-trade or 'T' group, while NSE would transfer 10 scrips to this category, the exchanges said in separate circulars.
Some of the stocks which would be moved to the 'T' group on both the exchanges are- Mudra Lifestyle, Visesh Infotecnics and Usha Martin Education & Solutions.
Under the trade-to-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
According to the bourses, the move is part of preventive surveillance measures to ensure safety of the market and safeguarding the interest of investors.
The exchanges have advised the trading members to take "adequate precaution" while trading in these scrips as the "settlement will be done on trade-to-trade basis and no netting off positions will be allowed".
However, the exchanges said that the transfer of security for trading and settlement on a trade-to-trade basis is purely on account of market surveillance and it should not be construed as an adverse action against the concerned company.
Further, this is a temporary measure and will be periodically reviewed depending on the market conditions, they added.
