Description
NSE introduces Short-Term Additional Surveillance Measure framework affecting 27 securities across two stages, with 5 new securities added to Stage-I and Datamatics Global Services excluded.
Summary
NSE has issued a circular implementing the Short-Term Additional Surveillance Measure (ST-ASM) framework effective August 20, 2025. The measure introduces enhanced surveillance for securities showing unusual price and volume movements, with 5 new securities added to Stage-I and 1 security (Datamatics Global Services) excluded from the ASM framework.
Key Points
- 5 securities newly shortlisted for ST-ASM Stage-I: Agarwal Toughened Glass India Limited, Iware Supplychain Services Limited, Kotyark Industries Limited, Nikita Papers Limited, and Saroja Pharma Industries India Limited
- No securities currently in ST-ASM Stage-II
- No securities moving between stages
- Datamatics Global Services Limited excluded from ASM framework
- Total of 27 securities now under consolidated ASM framework, all in Stage-I
Regulatory Changes
Implementation of Short-Term Additional Surveillance Measure framework with two-stage approach for enhanced monitoring of securities with unusual trading patterns.
Compliance Requirements
- Enhanced surveillance measures applicable to listed securities
- Trading members must comply with additional monitoring requirements for securities under ST-ASM
- Applicable surveillance measures as per NSE circulars and regulations
Important Dates
- Effective Date: August 20, 2025
- Circular Date: August 19, 2025
Impact Assessment
Moderate impact on trading operations for 27 securities under enhanced surveillance. The ST-ASM framework aims to detect and prevent unusual trading activities, potentially affecting liquidity and trading volumes in the identified securities. Exclusion of Datamatics Global Services indicates improved compliance with normal trading patterns.
Impact Justification
Affects trading in 27 securities with enhanced surveillance measures, moderate market impact