Stock Exchanges

What do the NSE Series - EQ, BE, BL, BT, GC, IL & IQ Mean ?

Kapil Marwaha · 11 Jul 2016 · 2 mins read · 27 Comments
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Indian Stock market has two leading stock exchanges - BSE (Bombay Stock Exchange) and NSE (National Stock Exchange). Both of these exchanges have considered the scrips to provide distinction and ease. Despite that, sometimes it may appear confusing to beginners in the Stock Market. In this post, let’s understand what the NSE series is. NSE Series - The National Stock Exchange (NSE) started trading in the equities segment (Capital Market segment) on November 3, 1994. Within a short span of 1 year became the largest exchange in India in terms of volumes transacted.

Permitted Asset Class (NSE Series)

A Permitted asset class is a collection of investments that show alike characteristics and are subject to the same laws and regulations. Equities (stocks), fixed Income (bonds), cash and cash equivalents, real estate, commodities, futures, and other financial derivatives are some examples of permitted asset classes. In the capital market, various products are traded; which include Equity shares, Preference shares, Warrants, Debentures, Exchange-traded Funds, Mutual Funds (close-ended), Government Securities, and Indian Depository Receipts. Each Series distinguishes the scrips and/or the people who can trade in those series. When you search for a scrip through your trading terminal you see that the same scrip has a suffix at the end of NSE. These suffixes are EQ, BE, BL, and a lot more. Let’s understand them one by one. Following are the symbols that denote the various types of series traded on the NSE:-

NSE Series Points to be Noted:-

  • Retail investors mostly come across NSE - EQ and BE only.
  • Share trading is mostly done under NSE EQ. In simple words, In NSE EQ, an investor can settle a trade without accepting or giving its delivery.
  • The 'delivery percentage' under the BE category is 100%. This is because in the BE category, intra-day trading cannot be done.
  • Please follow this Link on the NSE website for more details.

We hope, this post gives you clarity about different NSE Series. Please leave a message if you have a query or more information on this topic.

Read More: Real-time API for NSE EQ, NSE Indices, NSE F&O, NSE CDS & MCX

Kapil Marwaha

Kapil Marwaha is the Founder & Managing Director of TrueData Financial Information Pvt. Ltd..

His aim - "To make TrueData the Best Trading Decision Support company in the country." TrueData's flagship product Velocity 2.0 has already become immensely popular and is used by a large audience through out the country.

27 Comments
S
Saraswathi Moorthy
· April 13, 2017

Thank u so much. They info was very helpful and precise

2 1 ·
Kapil Marwaha Author
Saraswathi Moorthy · August 01, 2017

Glad this could be of help to you ! :-)

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M
Md vadoliya
· October 28, 2017

Thank you for providing very helpful information.

2 1 ·
Kapil Marwaha Author
Md vadoliya · June 02, 2019

You are welcome !

2 1 ·
C
Christen
· November 01, 2017

It's in reality a great annd usefu piece of info. I am happy that you shared this useful information with us. Please keep us informed like this. Thank you for sharing.

2 1 ·
H
Hitesh Vaniya
Christen · January 18, 2021

Thank you for your kind words and feedback. This certainly motivates us to keep doing better. We will definitely keep you updated with any information that could be helpful to all.

2 1 ·
K
Khalid
· December 06, 2017

Is stock series constant in NSE or they fluctuate on daily basis..

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Kapil Marwaha Author
Khalid · June 02, 2019

The series normally used by retail traders is EQ unless the stock is move to the T2T segment.

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R
RITESH
· December 16, 2017

Thank you Kapil ji. This information is very useful.

2 1 ·
Kapil Marwaha Author
RITESH · January 18, 2021

Glad we could be of help top you ;-)

2 1 ·
A
Ankit Bhatt
· January 08, 2018

Sirji what is timeline to come out stock from t2t segment??

2 1 ·
Kapil Marwaha Author
Ankit Bhatt · January 18, 2021

The criteria for shifting scrips to/from Trade for Trade segment are decided jointly by the stock exchanges in consultation with SEBI. These criteria are listed on their respective websites and reviewed periodically. PLease go through this post > https://www.truedata.in/blog/trade-to-trade/

2 1 ·
S
Sobin Jose
· January 13, 2018

Good info. Thanks!

2 1 ·
S
Sourabh Dev Burman
Sobin Jose · January 18, 2021

Glad that you liked it!

2 1 ·
P
Parmanand Barolia
· February 11, 2018

Thanks, this is described in simple language and easyly understandable to small investor.

2 1 ·
S
Sourabh Dev Burman
Parmanand Barolia · January 18, 2021

Good to know that, it helped you.

2 1 ·
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· February 12, 2018

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Bridgette · January 18, 2021

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2 1 ·
Kapil Marwaha Author
· October 09, 2018

Thank you so much for the kind words!

2 1 ·
P
Prabahar PM
· December 29, 2018

Thanks for the info. Can you please explain BZ too.

2 1 ·
Kapil Marwaha Author
Prabahar PM · January 18, 2021

BZ group contains stocks that fail to comply with Listing Obligations and Disclosure Requirements (LODR) of SEBI. ... It's important to note that 'BZ' category is worse than the trade to trade category of stocks. In this too like the T2T segment intraday trades and BTST (Buy today sell tomorrow) trades aren't allowed. Please go through this post, where I have explained this better > https://www.truedata.in/blog/trade-to-trade/

2 1 ·
S
Sasi
· January 10, 2020

Your aim of making your company the best trading decision support company is laudable. My best wishes.

2 1 ·
S
Sourabh Dev Burman
Sasi · January 18, 2021

Thank you for your wishes and kind words! :)

2 1 ·
M
Mugundhan
· August 26, 2021

Thanks you for the helpful information. On what basis stocks are moved to BE Series? How long the stock will remain in BE Series?

2 1 ·
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