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.
SEBI issues a completion order for Recovery Certificate No. 6714 of 2023 against R Thyagarajan (PAN: ACDPT1217H) in the matter of Securekloud Technologies Limited, formally closing the recovery proceedings.
Impact
Low
Severity
Low
Justification
Routine administrative closure confirming full completion of recovery proceedings; no new obligations imposed on market participants.
SEBI issues a release order for Recovery Certificate No. 6714 of 2023 issued against R Thyagarajan (PAN: ACDPT1217H) in the matter of Securekloud Technologies Limited, indicating closure of recovery proceedings.
Impact
Low
Severity
Low
Justification
Routine closure of recovery proceedings; release order indicates prior dues have been addressed. Limited ongoing market impact as matter is being concluded.
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.
NSE announces list of 323 securities subject to Reversal Trade Mechanism (RTCM) effective February 2026.
Impact
Medium
Severity
Medium
Justification
RTCM is a surveillance measure affecting 323 securities with enhanced monitoring and potential trading reversals to manage market risk and protect investors from abnormal price movements.
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