Financial Daily from THE HINDU group of publications
Thursday, Dec 02, 2004
Financial Daily from THE HINDU group of publications Thursday, Dec 02, 2004 |
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Markets
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Stock Exchanges BSE, NSE undertake T-group changes in surveillance move Our Bureau
Mumbai , Dec. 1 AS a part of surveillance review, the Bombay Stock Exchange and the National Stock Exchange have decided to make changes in the list of securities to be shifted to trade-to-trade group. In a notice to its members, the BSE said it has shifted 143 scrips to T-group from December 6 while it has removed 326 scrips from T-group back to their original group. Similarly, the NSE shifted 48 scrips to trade-to-trade segment and removed 76 scrips from t-o-t segment to their normal group. The move to make these changes is part of surveillance review and pursuant to the meeting with SEBI. These kinds of changes are taken by the stock exchanges with a view to take preventive surveillance measure to ensure market safety and safeguard the interest of the investors. Some of the prominent stocks that have been moved to T-group include Abhishek Industries, Financial Technologies, Hotel Leela Venture, Ind Swift Ltd, Ind Swift Laboratories and Zodiac Clothing. The stocks moved out of the T-group are Agrotech Foods, Gestetner, Goodyear, Hyderabad Industries, J K Synthetics, Kale Consultants, LML and Kinetic Motor.
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