NSE circular announcing securities being added to and consolidated under the Enhanced Surveillance Measure (ESM) framework effective May 20, 2026, with 2 new securities entering Stage I and no changes to Stage II movements or exclusions.
Impact
High
Severity
High
Justification
ESM placement significantly restricts trading in affected securities, impacting liquidity and investor activity. Two new securities enter Stage I effective May 20, 2026, while the consolidated list includes 23 Stage II and multiple Stage I securities facing heightened surveillance and trade restrictions.
NSE adds 8 securities to ESM Stage I and moves 3 securities from Stage I to Stage II, effective May 06, 2026, with 100% margin requirement and shift to Trade-for-Trade segment from May 07, 2026.
Impact
High
Severity
High
Justification
Affects 11 securities with significant trading restrictions including 100% margin requirement and mandatory shift to Trade-for-Trade segment, directly impacting liquidity and trading costs for all market participants holding or trading these stocks.
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.