What is GSM Graded surveillance measures)?
SEBI introduced the Graded
Surveillance Measure (GSM) framework. It was made in collaboration with
exchanges. The framework aims to boost market integrity and protect investors.
You can track the list of stocks under GSM on the NSE and BSE websites.
There are four stages of
surveillance actions:
- Stage 1: The margin rate is 100%, and the price band is 5% or lower.
- Stage 2: Trade for Trade with a 5% or
lower price band, and buyers must deposit an Additional Surveillance
Deposit (ASD) of 50% of the trade value.
- Stage 3: Trade for Trade with a 5% or
lower price band, and buyers must deposit ASD (100% of trade value).
- Stage 4: Trade for Trade with a price
band of 5% or lower, and buyers must deposit ASD (100% of trade value)
with no upward movement.
For more information,
click the link below:
https://www.nseindia.com/regulations/graded-surveillance-measure