NSE circular notifying inclusion of 11 securities into ESM Stage I and movement of LLOYDS to Stage II, effective April 24-27, 2026, with 100% margin requirement and shift to Trade-for-Trade settlement.
Impact
High
Severity
High
Justification
Directly impacts trading conditions for 12 listed securities with immediate regulatory consequences including 100% margin requirements and settlement segment shifts, affecting traders and investors holding or seeking positions in these stocks.
NSE applies Short-Term Additional Surveillance Measure (ST-ASM) to 24 new securities under Stage I, moves CEDAAR to Stage II, and excludes 13 securities from the ASM framework, all effective April 24, 2026.
Impact
High
Severity
High
Justification
Directly affects trading conditions (margins, price bands, surveillance) for 38 securities across addition, escalation, and exclusion actions; traders and investors in these stocks must act before April 24, 2026.
NSE announces 11 securities added to ST-ASM Stage I and 15 securities excluded from the ASM framework, effective April 23, 2026. No securities moved between Stage I and Stage II.
Impact
Medium
Severity
Medium
Justification
Routine ST-ASM update affecting 26 securities; 11 newly placed under enhanced surveillance (Stage I) and 15 removed from ASM framework. Trading in affected securities will face additional margin and monitoring requirements, impacting retail and institutional participants holding 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.