The BSE has decided to shift stocks of 55 companies to the restricted trading segment from next week to ensure safety in capital markets and safeguard the interest of investors.
Another leading bourse, National Stock Exchange would also move five securities to this category.
The exchanges will shift the stocks to trade-for-trade or 'T' group segment from November 24, BSE and NSE said in separate circulars.
Stocks that would be transferred on BSE include Raj Oil Mills, Malabar Trading Company, NCC Finance and Paramount Printpackaging, while those shifted by NSE included Acropetal Technologies and Zenith Infotech.
Under the trade-for-trade segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The move is a part of a surveillance review and to ensure market safety and safeguard the interest of investors, the bourses said.
"Trading Members should note that transfer of scrips for trading and settlement on a trade-to-trade basis is purely on account of market surveillance measure and it should not be construed as an adverse action against the company," the bourses said.
"Further, this is a temporary measure and will be reviewed periodically depending on the market conditions," they added.
Besides, BSE and NSE also issued a list of stocks that would continue in the trade-for-trade segment on their respective platforms.
While BSE has identified over 850 companies whose securities will remain under restricted category, NSE has listed over 60 firms.
