Description
BSE announces revised price bands for 60 securities ranging from 2% to 20%, effective from November 3, 2025, impacting trading limits for these stocks.
Summary
BSE has revised price bands for 60 securities effective from November 3, 2025. The revised bands range from 2% to 20%, down from their previous levels. This surveillance measure restricts the maximum price movement allowed in a single trading session for these securities. The changes indicate increased monitoring due to concerns about volatility or market manipulation in these stocks.
Key Points
- Price bands revised for 60 securities effective November 3, 2025
- Revised bands range from 2% (tightest) to 20% (widest)
- Most securities (35 stocks) receive 5% price band
- 13 securities receive 10% band, 9 receive 20% band, and 3 receive 2% band
- Tightest restrictions (2% band): Amit Securities Ltd and Cubical Financial Services Ltd
- Members should contact bse.surv@bseindia.com for clarifications
- Notice issued by BSE Surveillance department
Regulatory Changes
No new regulatory framework introduced. This is an application of existing surveillance powers by BSE to adjust price bands based on market conditions and security-specific factors.
Compliance Requirements
- Trading members must implement revised price bands in their systems before November 3, 2025
- All trades in affected securities must respect new price band limits
- Orders exceeding the revised price bands will be rejected by the trading system
- Members should inform their clients about the revised trading limits for these securities
Important Dates
- Notice Date: October 31, 2025
- Effective Date: November 3, 2025
Impact Assessment
Trading Impact: Significant restrictions on intraday price movements for 60 securities. Traders will face limited profit potential per session and may need multiple sessions to build or exit positions.
Liquidity Impact: Tighter bands may reduce trading volumes as price discovery is constrained. Market makers and arbitrageurs may find these securities less attractive.
Investor Impact: Long-term investors largely unaffected, but short-term traders and day traders will face material constraints. The 2% band on Amit Securities and Cubical Financial Services is particularly restrictive.
Market Signal: Price band revisions typically signal exchange concerns about excessive volatility, low liquidity, or potential manipulation, indicating higher risk profiles for these securities.
Impact Justification
Affects trading flexibility for 60 securities with tightened price bands, indicating increased surveillance measures. Material for traders and investors in these specific stocks but limited broader market impact.