BSE to Remove Periodic Price Bands From February 1

Leading bourse Bombay Stock Exchange (BSE) will remove additional periodic Price Bands for the securities categorized in Group A and Group B exclusively traded on BSE Trading Platform, from Monday.

The decision to remove the periodic price bands, which limit the maximum upward or downward movement in a share on weekly, quarterly, monthly and yearly basis within a pre-determined range, has been taken by BSE for Group A and Group B Securities.

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"However, all other groups on the main board viz. T, P, Z, ZP, XC, XD, XT and securities listed on the SME and SME ITP platform shall continue to attract periodic price bands as per the provisions" BSE said in the notice.

Here is the notice from BSE website:

Notice No. 20160129-22
Notice Date 29 Jan 2016

This is in continuation to the Exchange notice no.20150806-24 dated August 06, 2015, Exchange Notice no.20150930-36 dated September 30, 2015 and Exchange notice no. 20151203-12 dated December 03, 2015, regarding Additional periodic Price Bands for the securities exclusively traded on BSE Trading Platform.

Trading members are hereby requested to note that securities categorized in Group A and Group B shall be excluded from the list of securities to which periodic price bands are applicable with effect from Monday February 01, 2016.

However, all other groups on the main board viz. T, P, Z, ZP, XC, XD, XT and securities listed on the SME and SME ITP platform shall continue to attract periodic price bands as per the provisions of the aforementioned notices.

In case any clarification required, please contact 2272 5001/ 2272 8497.

For & On behalf of BSE Ltd

Rajesh Saraf                                                                   Usha Sharma

Sr. General Manager,                                                        Dy. General Manager,

Surveillance & Supervision                                                  Surveillance& Supervision

January 29, 2016.

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