Can we hold-off shares overnight which are traded on NSE as 'EQ' or we'll have to buy them in 'BE' series only

General
2

The series for each scrip is decided by the Exchange. A scrip cannot be under 2 series' on the same trading day.

Each series indicates the nature of the stock.

NSE

  • EQ - Equity Shares Regular, Rolling Settlement, Intraday allowed
  • BE - Equity Sahres excluded from EQ series and traded as Trade for Trade settlement, No intraday allowed, only delivery
  • BT - Limited Physical Market, physical shares < 500, Odd lot market, for securities which are compulsorily to be dematerialized, Trade for Trade Settlement
  • BL - Block Trading, Trading of EQ series shares in large quanity, min 5 lakh shares or min 5 crore rupees
  • IL - Inter Foreign Institutional Investors (inter FII) meant for only securities in which maximum FII ceiling limit is reached, limit usually ranges from 18% to 28%, Rolling Settlement, pre arranged buyer and seller
  • IQ - Qualified Foreign Institutional Investor (QFI) meant only for securities which are in caution list of foreign investment where FII limit > 8% of equity capital and upto the ceiling limit, Rolling Settlement, pre arranged buyer and seller
  • MF - Mutual Funds which are listed in the exchange
  • DR - Indian Depository Receipts, Rolling Settlement
  • DE - Indian Depository Receipts, Trade for Trade Settlement
  • ME, DL, DT, BZ, IT -
  • E@ - Partly paid equity shares, Rolling Settlement
  • X@ - Partly paid equity shares, Trade for Settlement
  • P@ - Non convertible preference shares, Rolling Settlement
  • O@ - Non convertible preference shares, Trade for Trade Settlement
  • Q@ - Fully convertible preference shares, Rolling Settlement
  • F@ - Fully convertible preference shares, Trade for Trade Settlement
  • N@, Y@ - Non convertible debt instruments, Rolling settlement
  • U@, M@ - Non convertible debt instruments, Trade for Trade settlement
  • D@ - Fully convertible debt instruments, Rolling Settlement
  • S@ - Fully convertible debt instruments, Trade for Trade Settlement
  • W@ - Convertible warrants, Rolling settlement
  • K@ - Convertible warrants, Trade for Trade settlement

H1~N1: Corporate Bonds

Note: @ signifies character 1-9 or A-Z, except the existing Series Codes

You can definitely buy a stock trading under EQ series and carry it forward. Such transactions are referred to as delivery transactions.

3 Likes