Description

NSE revises price bands for 2,923 securities across different categories effective August 07, 2025.

Summary

NSE has revised price bands for 2,923 securities effective August 07, 2025, under Capital Market Segment Regulation Part-A, 2.5. The changes include securities categorized into different price band percentages ranging from 2% to 40%, with some securities having no band restrictions.

Key Points

  • Total 2,923 securities affected across 6 different price band categories
  • 106 securities assigned 2% price band (highest restriction)
  • 453 securities with 5% price band
  • 170 securities with 10% price band
  • 217 securities with no price band restrictions
  • 1,972 securities remain in standard categories
  • 5 securities assigned 40% price band (lowest restriction)
  • Securities with derivative products maintain 10% daily operating range
  • Close-ended Mutual Funds subject to 10% price bands

Regulatory Changes

  • Price band revisions implemented under existing Capital Market Segment Regulation Part-A, 2.5
  • Limited Physical Market will have same price bands as normal market
  • Daily price band reviews to be updated on NSE website
  • Securities with derivatives maintain existing 10% operating range despite other band assignments

Compliance Requirements

  • All NSE members must adhere to revised price bands from August 07, 2025
  • Members should monitor daily price band updates on NSE website
  • Queries to be directed to surveillance@nse.co.in
  • Same price bands apply to both normal and Limited Physical Market segments

Important Dates

  • Effective Date: August 07, 2025
  • Circular Date: August 06, 2025
  • Reference: NSE/SURV/69527, Circular 604/2025

Impact Assessment

  • Trading Impact: Moderate - affects daily price movement limits for nearly 3,000 securities
  • Market Liquidity: Potential reduction in volatility for securities with tighter bands (2%, 5%)
  • Risk Management: Enhanced surveillance for securities in restrictive categories
  • Operational Impact: Members need to update trading systems and risk controls
  • Investor Impact: Limited daily price movements for securities under restrictive bands may affect short-term trading strategies

Impact Justification

Affects trading limits for nearly 3,000 securities but is routine surveillance measure