The Hindu Business Line : NSE to move 35 scrips to rolling segment

THE National Stock Exchange has announced that 35 scrips would be moved from the trade-for-trade segment to the rolling segment. Scrips in the trade-for-trade segment are those where netting is not allowed, delivery of shares bought and sold should be made on the same day for each individual trade.

The rolling segment allows for a net settlement, indicating that if there has been equal purchase and sales transactions on the same scrip, it would be squared off to zero. Volumes of shares traded are likely to increase on moving to the rolling segment, clarified a NSE spokesperson.

The classification of scrips is done at regular intervals, based on surveillance reports. This is jointly conducted by the NSE, Bombay Stock Exchange and the Securities and Exchanges Board of India. The last review was in December 2003.

Earlier this week, BSE had also published the list of reclassified scrips between the trade-for-trade segment and rolling segment. Around 25 scrips were moved in to the trade-for-trade segment and 172 stocks have been moved back in to rolling segment from their current trade-for-trade segment.

The changes in these scrips' status would be effective from March 9 on both BSE and NSE.

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