NSE updates the list of securities under Graded Surveillance Measure (GSM) framework, with new additions, continuations, and removals effective December 2025.
Impact
High
Severity
High
Justification
GSM framework affects trading members and investors through Additional Surveillance Deposit requirements and trading restrictions on securities with prices not commensurate with fundamentals. Multiple securities are being added to or removed from surveillance.
NSE shifts 12 securities to Trade for Trade segment with price bands effective December 02, 2025, and maintains surveillance measures on 19 existing securities.
Impact
Medium
Severity
Medium
Justification
Affects liquidity and trading conditions for 31 securities. Trade for Trade segment restricts intraday trading and requires compulsory delivery, significantly impacting traders in these securities.
BSE revises price bands for 9 scrips including Catvision Ltd, EL CID Investments Ltd, and others, effective from November 25, 2025.
Impact
Medium
Severity
Medium
Justification
Price band revisions affect trading limits for 9 securities, indicating heightened surveillance measures. Impact is moderate as changes apply to specific scrips with varying restrictions from 2% to 20%.
NSE announces securities moving into and out of Enhanced Surveillance Measure framework, with SECURKLOUD entering Stage-I and four securities moving from Stage-II to Stage-I effective November 24-25, 2025.
Impact
High
Severity
High
Justification
Significant trading restrictions with 100% margin requirement and shift to Trade-for-Trade segment for affected securities, directly impacting liquidity and trading mechanisms
BSE revises price bands for six scrips including AIK Pipes and Polymers, Asarfi Hospital, Piramal Finance, Securekloud Technologies, Synthiko Foils, and True Colors, effective November 21, 2025.
Impact
Medium
Severity
Medium
Justification
Price band changes affect trading limits for six securities, impacting traders and investors in these specific scrips but limited to narrow market segment
NSE circular listing 324 securities subject to Reversal Trade Cancellation Mechanism (RTCM) for November 2025, a surveillance measure to prevent price manipulation.
Impact
High
Severity
Medium
Justification
RTCM is a critical surveillance mechanism affecting 324 securities, enabling NSE to cancel erroneous or manipulative trades. High impact on trading operations and investor protection, though routine monthly update.