Description

NSE admits 30 new securities (27 SDLs and 3 T-bills) for trading on the Capital Market segment effective March 06, 2026, with lot size of 100 units each.

Summary

NSE has admitted 30 new government securities — 27 State Development Loans (SDLs) across multiple states and 3 Government of India Treasury Bills — for trading on the Capital Market segment effective March 06, 2026. All securities carry a standard lot size of 100 units.

Key Points

  • 27 SDLs from states including Tamil Nadu, Gujarat, Himachal Pradesh, Telangana, Karnataka, Madhya Pradesh, Chhattisgarh, Maharashtra, Assam, Jammu & Kashmir, Uttarakhand, Uttar Pradesh, and West Bengal
  • 3 GOI Treasury Bills: 91-day (maturity Jun 04, 2026), 182-day (maturity Sep 03, 2026), and 364-day (maturity Mar 04, 2027)
  • SDL coupon rates range from 6.91% to 7.69%
  • SDL maturities range from 2031 to 2056
  • All securities trade under series SG (SDLs) or TB (T-bills) with lot size of 100
  • Securities are identified solely by their designated NSE symbol codes for trading purposes

Regulatory Changes

Pursuant to Regulation 3.1.1 of NSE Capital Market Trading Regulations Part A, these securities are further admitted to dealings. Lot sizes are designated per Regulation 2.5.5 of the same regulations.

Compliance Requirements

  • All members must use the designated NSE symbol codes when trading these securities
  • Trading must be conducted in the specified lot size of 100 units
  • Members should update their systems to recognize the new security codes prior to March 06, 2026

Important Dates

  • Circular Date: March 04, 2026
  • Effective Date: March 06, 2026
  • T-bill Maturities: June 04, 2026 (91D) | September 03, 2026 (182D) | March 04, 2027 (364D)
  • SDL Maturity Range: March 2031 (SDL TN 6.91%) to March 2056 (SDL TN 7.63%)

Impact Assessment

This is a routine periodic listing of government securities on NSE’s capital market segment. The addition of 27 SDLs across 13 states and 3 T-bill tranches expands liquidity options for fixed-income and debt market participants. The securities are relevant to institutional investors, insurance companies, pension funds, and banks seeking sovereign-backed instruments. No direct impact on equity markets. The SDLs offer coupon rates clustered around 7.4%–7.69%, reflecting prevailing government borrowing rates.

Impact Justification

Routine listing of government securities (SDLs and T-bills) on NSE capital market segment; relevant to debt market participants and fixed-income investors but no equity market impact.