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Various stocks have letters like EQ, BE affixed to them. They denote the series to which they belong in National Stock Exchange (NSE).

EQ – Intraday Trading is allowed in this series. Trading using Margin and Market Orders is permitted in this category of stocks.

BE – Shares trading in the Trade-to-Trade category falls in this series. Intraday trading is not allowed in this series. Stocks that are bought have to be taken delivered through the settlement process into the DP Account (which takes T+2 days) and only thereafter can be sold. The purpose of this series is to effectively control the unusual price variations in the stock. For Instance, Stocks that are repeatedly hitting the Upper and Lower Circuits are moved to this category.

BL – This series is for block deals. The Order should have at least 5,00,000 shares.

BT – This series provides an exit route to small investors having shares in the physical form with a limit of a maximum of 500 shares.

GC – This series allows Government Securities and Treasury Bills to be traded.

IL – This series allows only Foreign Institutional Investors (FIIs) to trade among themselves. However such trading is allowed only where the maximum permissible limit is not breached.

IQ – This series allows Qualified Foreign Investors to trade in companies without the prior approval of the depositories.

 

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