NSE updates the list of securities under Enhanced Surveillance Measure (ESM) framework with movements between stages and exclusions effective January 12, 2026.
Impact
Medium
Severity
Medium
Justification
Regular surveillance framework update affecting multiple securities with stage movements and segment changes. Important for investors in listed securities but part of routine surveillance operations.
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.
BSE revises price bands for 17 securities ranging from 2% to 20% with effect from October 09, 2025.
Impact
Medium
Severity
Medium
Justification
Price band revisions affect 17 securities with varying restrictions (2%-20%), indicating surveillance measures to control volatility. Medium impact as it affects trading activity and investor participation in these specific securities.
NSE adds 4 securities to ESM Stage I effective October 8, 2025, with segment change to BE/ST from October 9, 2025. Consolidated ESM list now includes 61 securities across Stage I and Stage II.
Impact
High
Severity
High
Justification
Addition to ESM Stage I with immediate segment change to BE/ST restricts trading and signals regulatory concerns about price volatility or compliance issues in these securities.