What do the NSE Series – EQ, BE, BL, BT, GC, IL & IQ Mean ?
Indian Stock market has two leading stock exchanges – BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). Both of these exchanges have considered the scrips to provide distinction and ease. Despite that, sometimes it may appear confusing to beginners in Stock Market. In this post, let’s understand what NSE series are.
NSE Series – 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.
Permitted Asset Class (NSE Series)
A Permitted asset class is a collection of investments that show alike characteristics and are subject to the same laws and regulations.
Equities (stocks), fixed Income (bonds), cash and cash equivalents, real estate, commodities, futures, and other financial derivatives are some of the examples of permitted asset class.
In the capital market, various products traded; which include Equity shares, Preference shares, Warrants, Debentures, Exchange-traded Funds, Mutual Funds (close-ended), Government Securities and Indian Depository Receipts.
Each Series distinguishes the scrips and/or the people who can trade in those series.
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.
Following are the symbols which denote the various types of series traded on the NSE :-[symple_spacing size=”30″]
Points to be Noted:-
- Retail investors mostly come across NSE – EQ and BE only.
- Share trading is mostly done under NSE EQ. In simple words, In NSE EQ, investor can settle a trade without accepting or giving its delivery.
- The ‘delivery percentage’ under BE category is 100%. This is because in BE category, intra-day trading cannot be done.
- Please follow this Link on the NSE website for more details.
We hope, this post gives you clarity about different NSE Series. Please leave a message if you have a query or more information on this topic.
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Is stock series constant in NSE or they fluctuate on daily basis..
The series normally used by retail traders is EQ unless the stock is move to the T2T segment.
Thank you Kapil ji. This information is very useful.
Glad we could be of help top you 😉
Sirji what is timeline to come out stock from t2t segment??
The criteria for shifting scrips to/from Trade for Trade segment are decided jointly by the stock exchanges in consultation with SEBI.
These criteria are listed on their respective websites and reviewed periodically.
PLease go through this post > https://www.truedata.in/blog/trade-to-trade/
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Thanks for the info. Can you please explain BZ too.
BZ group contains stocks that fail to comply with Listing Obligations and Disclosure Requirements (LODR) of SEBI. …
It’s important to note that ‘BZ’ category is worse than the trade to trade category of stocks. In this too like the T2T segment intraday trades and BTST (Buy today sell tomorrow) trades aren’t allowed.
Please go through this post, where I have explained this better > https://www.truedata.in/blog/trade-to-trade/
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Thank you for your wishes and kind words! 🙂
Thanks you for the helpful information.
On what basis stocks are moved to BE Series?
How long the stock will remain in BE Series?
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