Stock market in India has two leading stock exchanges viz. BSE and NSE. Both of these exchanges have categorized the scrips to provide variation and simplicity. It may seem confusing to novices. Let’s understand the NSE series in this article.
National stock exchange (NSE) was established just after harshad mehta scam of BSE surfaced in India. It was NSE who once again established the investor’s trust in the stock market. It focussed on technology thus middlemen were removed and transparency prevailed in the Indian stock market. An investor didn’t need to contact the broker. NSE empowered the investor to buy-sell from his/her home. There are several other reasons why NSE is better than BSE. For your better understanding, an in-depth article to know the reasons why NSE is more popular than BSE is also given.
When you search for a scrip through your trading terminal you see that same scrip is having a suffix at the end on NSE. These suffixes are EQ, BE, BL and lot more. Let’s understand them one by one.
- NSE series EQ
- NSE series BE
- NSE series BL
- NSE series BT
This series provides an exit route to small investors having shares in the physical form with a cap of maximum 500 shares.
- NSE series GC
- NSE series IL
- NSE series IQ
This series allows trading in Intra-day transactions for equity permissible. Normal trading is done in this category.
This is the most commonly used series as this series allows both intraday and delivery trades.
This series does not allow trading in Intra-day transactions Shares falling in the Trade for Trade or T segment are traded in this series.
This series is popular only among the delivery trades as you can’t do intra-day trades.
This series is for facilitating block deals- Order should have at least 5,00,000 shares.
This series only allow traders to place bulk orders. Minimum quantity is 5,00,000 shares.
This series allows Government Securities and Treasury Bills to be traded under this category.
This series allows only FIIs to trade among themselves. Permissible only in those securities where the maximum permissible limit for FIIs is not breached.
This series allows Qualified Foreign Investors to trade in companies without the prior approval of the depositories.