Description

NSE revises price bands for 3,162 securities effective April 08, 2026, with 23 securities under 2% band, 367 under 5%, 170 under 10%, and 213 with no band.

Summary

NSE’s Surveillance Department (Circular Ref. No: 250/2026, Download Ref No: NSE/SURV/73644) has revised price bands for 3,162 securities effective April 08, 2026, pursuant to Capital Market Segment Regulation Part-A, 2.5. Securities are distributed across six band categories ranging from 2% to no band, with the majority (2,386 securities) under the standard 20% band.

Key Points

  • 23 securities assigned a 2% price band (Annexure I)
  • 367 securities assigned a 5% price band (Annexure II)
  • 170 securities assigned a 10% price band (Annexure III)
  • 213 securities assigned no price band (Annexure IV); derivatives-eligible securities retain a 10% daily operating range
  • 2,386 securities remain under the default 20% band
  • 3 securities assigned a 40% band
  • Total securities covered: 3,162
  • All close-ended Mutual Funds continue to have a 10% (either way) price band
  • Price bands in the Limited Physical Market mirror those in the normal market
  • Revised securities list provided in Annexure V
  • Daily price band review updates will be published on NSE’s website

Regulatory Changes

Price bands revised under Capital Market Segment Regulation Part-A, 2.5. Securities with derivative products available will continue to have a daily operating range of 10% regardless of their band classification under Annexure IV.

Compliance Requirements

  • All NSE Members must apply the revised price bands from April 08, 2026
  • Members must adhere to same price bands in Limited Physical Market as in normal market
  • Queries to be directed to surveillance@nse.co.in

Important Dates

  • April 07, 2026: Circular issued
  • April 08, 2026: Revised price bands become effective

Impact Assessment

This circular has broad market impact, affecting 3,162 securities. The tightest 2% band applies to 23 securities — mostly distressed, illiquid, or under-surveillance scrips (e.g., Future Enterprises, GVK Power, Siti Networks) — severely limiting intraday price movement. The 5% and 10% bands affect 537 additional securities, indicating elevated surveillance scrutiny. The 213 securities with no band (but retaining 10% operating range if derivatives-eligible) include large-cap and derivatives-traded stocks. Members and traders must update risk and order management systems before market open on April 08, 2026.

Impact Justification

Affects 3,162 securities across all price band categories; directly impacts daily trading ranges and volatility controls for a large portion of the market starting the next trading session.