Securities and Exchange Board of India (SEBI) and Exchanges in order to enhance market integrity and safeguard interest of investors, have introduced Graded Surveillance Measures(GSM) wherein certain identified securities shall be subjected to enhanced monitoring and surveillance actions
The main objective of these measures is to :
- alert and advice investors to be extra cautious while dealing in these securities and
- advice market participants to carry out necessary due diligence while dealing in these securities.
There are 4 stages of surveillance actions as shown in the image below:
Click here to view the link to notice issued by BSE giving detailed framework of GSM.
FAQs on Graded Surveillance Measures published by BSE
FAQ's on Graded Surveillance Measures published by NSE
The list of such securities identified under GSM and with their respective stages of GSM shall be published on time to time.
Click here to download the BSE list of GSM scrips
Click here to download the NSE list of GSM scrips
NOTE THAT BASED ON NAVIA'S RISK MANAGEMENT POLICY ALL SCRIPS WHICH FEATURE IN GSM 1 STAGE TO GSM 4 STAGE ARE NOT ALLOWED FOR PURCHASE. CLIENTS WILL HOWEVER BE ABLE TO SELL THESE SCRIPS ONLY IN CNC MODE.