Trading at BSE :

The scrips traded on BSE have been classified into various groups.

BSE has, for the guidance and benefit of the investors, classified the scrips in the Equity Segment into ‘A’, ‘B’, ‘T’, and ‘Z’ groups on certain qualitative and quantitative parameters.

The “F” Group represents the Fixed Income Securities.

The “T” Group represents scrips which are settled on a trade-to-trade basis as a surveillance measure.

Trading in Government Securities by the retail investors is done under the “G” group.

The ‘Z’ group was introduced by BSE in July 1999 and includes companies which have failed to comply with its listing requirements and/or have failed to resolve investor complaints and/or have not made the required arrangements with both the Depositories, viz., Central Depository Services (I) Ltd. (CDSL) and National Securities Depository Ltd. (NSDL) for dematerialization of their securities.

BSE also provides a facility to the market participants for online trading of odd-lot securities in physical form in ‘A’, ‘B’, ‘T’, and ‘Z’ groups and in rights renunciations in all groups of scrips in the Equity Segment.

With effect from December 31, 2001, trading in all securities listed in equity in the Equity segment takes place in one market segment, viz., Compulsory Rolling Settlement (CRS) Segment.

The securities of companies which are in demat can be traded in market lot of 1. However, the securities of companies which are still in the physical form are traded in the market lot of generally either 50 or 100. Investors having quantities of securities less than the market lot are required to sell them as “Odd Lots”. This facility offers an exit route to investors to dispose off their odd lots of securities, and also provides them an opportunity to consolidate their securities into market lots.

This facility of selling physical shares in compulsory demat scrips is called as Exit Route Scheme. This facility can also be used by small investors for selling up to 500 shares in physical form in respect of scrips of companies where trades are required to be compulsorily settled by all investors in demat mode.

BSE, in respect of securities of companies that are only listed/traded at BSE, considering their specific characteristics such a large number of companies, low to underrate market capitalization, lawyer contribution to overall trading turnover, classified equity securities of companies that are only listed/traded at BSE and satisfy certain paramount into separate sub-segments called “XC”, “XD” and “XT”. At the time of reviews any securities falling in Trade-for-Trade Segment (DT or “T” groups) are classified under “XT” sub-segments.