- Intraday orders are not allowed for some stocks due to regulatory reasons as: -
- Stock categorized as trade to trade (T2T)
- Additional Surveillance Measures (ASM)
- Graded Surveillance Measures (GSM)
- Unsolicited SMS category.
- In such cases traders can only place delivery orders or CNC orders for those particular stocks.
- Jainam currently is not blocking any instrument on the basis of its own risk management policy for intraday orders.
RELATED FACTS: - - The list of stocks moved to GSM can be seen at NSE.
GSM (Graded Surveillance Measures) framework was introduced by SEBI to strengthen market integrity and to protect the interest of investors. There are 4 GSM stages of surveillance actions.
- The buying is restricted for the stocks under GSM stage 2 and above.
- ASM (Additional surveillance measure) is also an initiative by SEBI to safeguard the interest of the investors and to strengthen the market integrity. The stocks are moved to the ASM category the basis of certain criteria. To learn more see, NSE FAQ.
Securities under ASM are further moved in the trade to trade(T2T) segment if certain given criteria are met.
- The list of stocks moved to ASM can be seen at NSE.
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