Regulatory authorities barred intra-day trading of stocks often to curb speculation in the last financial year.
Instances of stocks being transferred to the trade-for-trade segment rose 12-25 per cent across exchanges during the year, reveals data from the Securities and Exchange Board of India’s (Sebi’s) recently released annual report for the financial year 2019-20 (FY20). The trade-for-trade segment doesn’t allow shares to be bought and sold on the same day.
The number of times it happened rose from 257 to 289 on the National Stock Exchange (NSE), 435 to 539 on the BSE and from 246 to 292 on the