The Hindu Business Line : NSE places 88 stocks in trade-for-trade; 32 back to rolling settlement

THE National Stock Exchange, as a surveillance measure, has decided to place 88 stocks in the trade-for-trade segment from October 7. In a circular, the exchange authorities said this move was "to ensure market safety and safeguard the interest of investors."

The list includes stocks such as Birla VXL, Godavari Fertilizer, Hyderabad Industries, Kale Consultants, LML, Lumax Automotives, Mardia Chem, Rallis India, Snowcem, Spic and Texmaco. This means that these 88 stocks will not be available for the rolling settlement segment from Thursday and the trades have to be concluded through delivery and payment.

The exchange has decided to return 32 stocks from the trade-for-trade category to the rolling settlement segment from October 7.

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