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 announces additions, stage movements, and exclusions under the Enhanced Surveillance Measure (ESM) framework effective March 30, 2026. Two securities are added to ESM Stage-I, five move from Stage-II to Stage-I, and nine are excluded from the ESM framework.
Impact
High
Severity
High
Justification
Directly affects tradability and segment classification of multiple listed securities. ESM additions restrict trading to trade-for-trade settlement, impacting liquidity. Segment migrations (EQ/SM to BE/ST and vice versa) affect settlement obligations for investors holding or trading these 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 notifies inclusion of securities under Enhanced Surveillance Measure (ESM) with mandatory 100% margin requirement effective March 25, 2026, including Stage I to Stage II upgrades for PARASPETRO and UCL.
Impact
High
Severity
High
Justification
Mandatory 100% margin requirement and shift to Trade-for-Trade segment directly restricts trading in affected securities; Stage II securities face additional 2% price band under Periodic Call Auction, significantly limiting liquidity and trading activity.
NSE announces the list of securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for April 2026, covering 300+ stocks under enhanced surveillance.
Impact
High
Severity
High
Justification
RTCM is an NSE surveillance measure that directly cancels reversal trades in listed securities. Inclusion in this list significantly restricts trading patterns for 300+ stocks in the cash market segment for April 2026, with immediate and direct impact on trading activity and liquidity for affected securities.
NSE circular announcing updates to the Enhanced Surveillance Measure (ESM) framework, including securities moving to Stage II and the consolidated list of securities under ESM effective March 17-18, 2026.
Impact
High
Severity
High
Justification
Directly affects trading conditions for multiple securities by imposing 100% margin requirements and shifting them to Trade-for-Trade settlement, significantly impacting liquidity and trading strategy for affected stocks.
NSE announces inclusion and stage changes under the Enhanced Surveillance Measure (ESM) framework effective March 12-13, 2026, with ABMINTLLTD and S&SPOWER moving to Stage II.
Impact
High
Severity
High
Justification
Directly affects trading conditions for specific securities — mandatory 100% margin, shift to Trade-for-Trade segment, and 2% price band under Periodic Call Auction impose significant restrictions on market participants holding or trading these stocks.
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.
NSE includes 4 securities under ESM Stage I and moves 2 securities from Stage I to Stage II effective March 05-06, 2026, with mandatory 100% margin requirements and shift to Trade-for-Trade settlement.
Impact
High
Severity
High
Justification
Directly affects trading conditions for 6 securities with mandatory 100% margin requirements and forced segment shift from rolling to trade-for-trade settlement, significantly impacting liquidity and trading costs.
NSE releases the updated list of 300+ securities subject to the Reversal Trade Cancellation Mechanism (RTCM) for March 2026, a surveillance measure to cancel trades that are reversed within a short timeframe.
Impact
Medium
Severity
Medium
Justification
Affects 300+ securities listed on NSE; RTCM is an active surveillance tool that can result in trade cancellations for reversal patterns, directly impacting traders and brokers dealing in these stocks. High importance due to the large number of securities covered; medium impact as it targets a specific trading behaviour rather than broad market restrictions.