What does the error "RMS:Blocked for XT S bse_cm CNC block type: INTRADAY-SQROFF" mean?

RMS:Blocked for XT S bse_cm CNC block type: INTRADAY-SQROFF

XT,T & BE groups stocks can only be traded on delivery basis [after T+2 settlement] i.e intra day & BTST trades can’t be done.This is mandated by the exchanges & SEBI.

For more information on different groups refer BSE.

If an order is placed to sell such stocks without them arriving to one’s demat account, the order will get rejected & the above error will be displayed.