NSE announces securities being added to ESM Stage I and publishes consolidated list of all securities under Enhanced Surveillance Measure framework effective April 01, 2026.
Impact
High
Severity
High
Justification
Directly affects trading conditions for multiple listed securities; ESM placement restricts trading to trade-for-trade settlement and imposes price bands, significantly impacting liquidity and investor activity across 40+ stocks.
NSE circular announcing changes to Enhanced Surveillance Measure (ESM) framework effective March 25, 2026, including one security moving from Stage I to Stage II and consolidated list of 40+ securities under ESM.
Impact
High
Severity
High
Justification
ESM changes impose significant trading restrictions on affected securities; Stage II carries stricter trading curbs. Movement of VILINBIO to Stage II and a large consolidated list of 40+ securities directly impacts traders and investors in these stocks.
NSE shifts 5 securities from Rolling segment (EQ) to Trade for Trade segment (BE) with a 5% price band effective March 19, 2026, as part of surveillance review to ensure market safety.
Impact
High
Severity
High
Justification
Directly affects trading conditions for 12 securities — 5 being shifted to Trade for Trade (no netting allowed, 5% price band) and 7 continuing in T2T. Significant operational and liquidity impact for traders and investors in these securities.
NSE announces inclusion of Aakash Exploration Services Limited under ESM Stage-I effective March 10-11, 2026, with 100% margin requirement and shift to Trade-for-Trade segment.
Impact
High
Severity
High
Justification
Mandatory 100% margin requirement and forced migration from rolling settlement to trade-for-trade segment directly impacts trading of affected securities, restricting liquidity and increasing cost of participation.
List of securities subject to Reversal Trade Cancellation Mechanism (RTCM) for December 2025, covering over 300 stocks where specific trade cancellation procedures will apply.
Impact
Medium
Severity
Medium
Justification
Affects trading operations for over 300 securities with specific trade cancellation procedures. Important for traders and market participants dealing with these stocks to understand RTCM applicability.
NSE updates Enhanced Surveillance Measure framework with new securities in Stage I, stage transitions, and consolidated ESM list effective September 9, 2025.
Impact
Medium
Severity
Medium
Justification
Affects multiple securities with enhanced surveillance measures and trading restrictions