The National Stock Exchange (NSE) started trading in the equities segment (Capital Market segment) on November 3, 1994. Within a short span of 1 year became the largest exchange in India in terms of volumes transacted.
Various products are traded on the Capital Markets. Segments viz., Equity shares, Preference shares, Warrants, Debentures, Exchange traded Funds, Mutual Funds (close ended), Government Securities and Indian Depository Receipts.
For trading purpose, each asset type is assigned a NSE series.
Each NSE series distinguishes the scrips and / or the people who can trade in those series.
Listed in the table below are the symbols which denote the various types of series traded on the NSE :-
These symbols denote various types of series traded on the NSE (National Stock Exchange).
EQ – This series allows trading in Intra-day transactions for equity permissible. Normal trading is done in this category.
BE – This series does not allow trading in Intra-day transactions Shares falling in the ‘Trade to Trade’ or T segment are traded in this series.
BL – This series is for facilitating block deals, An Order should have at least 5,00,000 shares. This block deal window session is only available for 35 minutes. (09.15 – 9.50 AM)
BT – This series provides an exit route to small investors having shares in the physical form with a cap of maximum 500 shares.
GC – This series allows Government Securities and Treasury Bills to be traded under this category.
IL – This series allows only FIIs to trade among themselves. Permissible only in those securities where maximum permissible limit for FIIs is not breached.
IQ – This series allows Qualified Foreign Investors to trade in companies without the prior approval of the depositories where the caution limit (QFI holding exceeding 8% (presently of the paid-up equity capital) has been reached.
Retail investors generally come across only NSE EQ and BE series.
Normal share trading is done under the NSE EQ series and intra-day squaring of the trade is possible. This means a trade can be settled without accepting or giving its delivery.
As under BE category no intra-day trade is allowed and the ‘delivery percentage’ is 100 %.