Mumbai: Top exchange BSE has decided to shift stocks of 37 companies to the restricted trading segment from March 11 to ensure safety in capital markets and safeguard the interest of investors.
Another leading bourse National Stock Exchange would also move nine securities to this category from this week.
Stocks that would be transferred on both the bourses include Blue Coast Hotels, Amit Spinning Industries, STI India and Melstar Information Technologies.
In separate circulars, BSE and NSE said they would be shifting 37 and 9 scrips respectively to the trade-for-trade or the 'T' group segment.
Under this segment, no speculative trading is allowed and delivery of shares and payment of consideration amount are mandatory.
The decision is part of a surveillance review 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 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 206 companies whose securities will remain under restricted category, NSE has listed nearly 73 firms.
