NSE adds 8 securities to ESM Stage I and moves 2 securities to Stage II effective May 11-12, 2026, imposing 100% margin requirements and shifting affected scrips to Trade-for-Trade settlement.
Impact
High
Severity
High
Justification
Affects 10 stocks with significant trading restrictions including 100% margin requirements, forced shift to Trade-for-Trade settlement, and for Stage II stocks a restrictive 2% price band under Periodic Call Auction — materially limiting liquidity and trading activity for all affected securities.
NSE places multiple securities under ST-ASM Stage I (50% margin) and Stage II (100% margin) effective April 10, 2026, covering open positions as on April 09, 2026 and new positions thereafter.
Impact
High
Severity
High
Justification
This circular imposes significantly elevated margin requirements (50%-100%) on multiple securities under the ST-ASM framework, directly restricting trading activity and increasing cost of holding positions effective April 10, 2026. Affects a large number of securities across segments.
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.