Description

NSE moves 5 securities to Trade for Trade segment with 5% price band effective December 11, 2025, as part of surveillance measures to ensure market safety.

Summary

NSE has announced surveillance actions moving 5 securities to Trade for Trade segment with 5% or lower price band effective December 11, 2025. Four securities (NECLIFE, ORTINGLOBE, AXITA, SHYAMCENT) will move from Rolling segment (EQ series) to BE series, and one security (GSTL) will move from SM series to ST series. Additionally, 4 securities will continue in Trade for Trade segment. All settlements will be on trade-to-trade basis with no netting off allowed.

Key Points

  • 5 securities being shifted to Trade for Trade segment from December 11, 2025
  • Price band restriction of 5% or lower will apply
  • Securities will not be available in rolling segment (EQ/SM series)
  • Settlement will be on trade-to-trade basis with no netting off
  • 4 securities (FEL, GUJRAFFIA, EQUIPPP, SVPGLOB) will continue in Trade for Trade segment
  • Action based on criteria: Price Earnings Multiple, Price Variation & Market Capitalization
  • Movement is purely surveillance-based and not adverse action against companies

Regulatory Changes

Under Capital Market Segment Trading Regulations Part - A, 2.6:

  • Securities moved to Trade for Trade segment (BE/ST series) with 5% price band
  • Removal from rolling segment (EQ/SM series)
  • Mandatory trade-to-trade settlement without netting off facility
  • Continuation of existing Trade for Trade securities (BE/BZ or ST/SZ series)

Compliance Requirements

  • Members must take adequate precaution while trading in affected securities
  • Settlement must be done on trade-to-trade basis only
  • No netting off allowed for these securities
  • Members should refer to NSE website for criteria on shifting securities to/from Trade for Trade segment
  • Queries to be directed to surveillance@nse.co.in

Important Dates

  • Circular Date: December 8, 2025
  • Effective Date: December 11, 2025 (Thursday)

Impact Assessment

High Impact: The movement to Trade for Trade segment significantly restricts trading flexibility by eliminating netting off facilities and imposing a tight 5% price band. This will reduce liquidity and increase settlement obligations for traders. The action affects 9 securities total (5 new + 4 continuing), impacting investors holding positions in these stocks. The criteria triggering this action (Price Earnings Multiple, Price Variation & Market Capitalization) indicates volatility concerns. While NSE clarifies this is not adverse action against companies, the practical effect is substantial trading restrictions to protect market integrity and investor interests.

Securities Details

Moving to Trade for Trade (BE series) from EQ:

  1. NECLIFE - Nectar Lifesciences Limited (INE023H01027)
  2. ORTINGLOBE - Ortin Global Limited (INE749B01020)
  3. AXITA - Axita Cotton Limited (INE02EZ01022)
  4. SHYAMCENT - Shyam Century Ferrous Limited (INE979R01011)

Moving to Trade for Trade (ST series) from SM:

  1. GSTL - Globesecure Technologies Limited (INE00WS01056)

Continuing in Trade for Trade (BE/BZ):

  1. FEL - Future Enterprises Limited (INE623B01027)
  2. GUJRAFFIA - Gujarat Raffia Industries Limited (INE610B01024)
  3. EQUIPPP - Equippp Social Impact Technologies Limited (INE217G01035)
  4. SVPGLOB - SVP Global Textiles Limited (INE308E01029)

Impact Justification

High impact due to mandatory trade-to-trade settlement with no netting off, 5% price band restriction, and removal from rolling segment affecting liquidity for multiple securities.