NSE announces changes to Enhanced Surveillance Measure framework, including new securities added to ESM Stage-I and securities moving between stages effective January 19-20, 2026.
Impact
High
Severity
High
Justification
High impact on trading as securities face 100% margin requirement, shift to trade-for-trade segment, and Stage-II securities move to periodic call auction with 2% price band
NSE implements Enhanced Surveillance Measure (ESM) for select securities, shifting three stocks to Stage-I with 100% margin requirement and moving two stocks from Stage-II to Stage-I effective January 5-6, 2026.
Impact
High
Severity
High
Justification
Mandatory 100% margin requirement and shift to Trade-for-Trade segment significantly impacts trading for affected securities, restricting liquidity and intraday positions.
BSE announces demat auction settlement No. 754 dated November 13, 2025, listing 102 scrips across various companies for auction settlement.
Impact
Medium
Severity
Medium
Justification
Regular demat auction settlement affecting 102 scrips with varying quantities. Impacts brokers and clients with delivery shortfalls requiring auction settlement. Medium severity as it's a routine operational process but affects multiple market participants.
BSE announces demat auction for settlement number 754 involving 103 securities across various companies with specific quantities to be auctioned.
Impact
Medium
Severity
Medium
Justification
Routine demat auction affecting 103 securities with varying quantities; primarily operational impact for broker-dealers and clearing members with short delivery positions