Premier stock exchanges BSE and NSE will move stocks of several firms to the restricted trading segment from March 28, as part of a surveillance review.
According to separate notices by the bourses today, BSE would be moving 80 securities to the trade-for-trade category or 'T' Group, while National Stock Exchange (NSE) would shift 34 scrips to the segment.
Securities which would be transferred to the 'T' group category on both the bourses belong to -- Welspun Investments and Commercials, Bharat Bijlee, Bilpower, Coromandel Engineering Company, Dalmia Bharat Sugar and Industries, Panasonic Appliances India Company and Lloyds Finance
Besides BSE would also shift the scrip of Birla Capital & Financial Services to the restricted segment.
In trade-for-trade segment allows for only delivery-based transactions and traders cannot take intra-day positions.
According to the exchanges, the move is part of a surveillance review and to ensure market safety and safeguard the interest of investors.
BSE and NSE 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 which would be the maximum permissible limit within which the share price can move.
Besides, NSE said as many as 139 securities including Bharati Shipyard, Birla Ericsson Optical and Castrol India will continue to trade under 'T' Group category.
