Auction.docx

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Auction

Avoid auction of your stock if you want to avoid the loss

Auction is the process in which the stock exchange auctions the stock holding of an investor

when he or she had sold the stock but can not deliver the stock within a stipulated time. Theprocess is kind of a penalty for astock marketinvestor as apart from the price of the stock the

stock exchange also slaps a fee for he auction which is not a small amount at all. So, it is always

advisable that you take all the necessary measures to avoid the auction of your stock. In mostcases the auction happens due to the carelessness of the investor. So, it is necessary that you take

your buying and selling decisions meticulously and with apt care so that you can effectively

avoid a drastic step like auction.

Online trading is a great way to avoid auction. As you make all your stock market deals yourself

without depending on your broker and through the transparent online trading process, it is easierfor you to keep track of the stocks you hold and your buying and selling of the shares. With

online trading portals you can see your current portfolio whenever you log in to your account andtake the decisions all by yourself. It is therefore an effective way to manage your stock market

investments and avoid auction of your stocks after you sell them.

From a buyers point of view auction is an effective process that safeguards his or her dues. In

fact auction of the stock is done to provide the buyers with the stocks that they have purchasedfrom a seller.

De-jargoned | Trade-to-trade stocks

De-jargoned | Trade-to-trade stocks

Saurabh Kumar

First Published: Thu, May 17 2012. 01 15 AM IST

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Updated: Thu, May 17 2012. 12 15 PM IST

What is it?So far this fiscal, the stock markets have relegated at least 50 companies to the trade-to-trade

segment. Here, investors cant undertake speculative trading and delivery and payment of shares

is mandatory. This essentially means that if a share is transferred to this category, investors arenot allowed to square off intra-day positions.

Why is it done?This is done as part of the preventive surveillance

measures taken by the bourses to ensure marketsafety and safeguard the interest of investors.

Suppose, the overall market is bearish, yet there is

a significant surge in a particular scrip which isneither supported by market conditions nor the

fundamentals of the company. This could indicate

that market participants are artificially pushing up

the stock price. For instance, some of the stocksthat have been moved to this category this fiscal

gained at least 107% compared with 6% gains by

the benchmark BSE Sensex.Stocks are also transferred to this category if, say, the markets are doing well but a stock falls

significantly. This may mean that participants are offloading their position either to pick the

stocks at lower valuation or just booking profits from the artificial price created earlier.Whenever such suspicious movement is seen in any scrip, the bourses take such action, which is

then reviewed at periodic intervals. There are various criteria (price-earnings, market

capitalization and price variation) to scrutinize these scrips. The decision to move a stock to or

from this category is taken jointly by the bourses. Thecapital marketsregulator, the Securitiesand Exchange Board of India, is also consulted for such a decision.

What it means for you

Usually, when such decisions are taken for any scrip, investors should be vigilant and shouldrefrain from investing in them. Since such a decision is taken after much deliberation by bourses,it indicates that the performance of the company in the past, the fundamentals of the business and

other key parameters are not supporting the stock valuation.

If you are already invested in such scrips, then it is advisable that you exit your positions. Thereason: if the prices have been artificially pushed up and the bourses or the regulator finds any

wrongdoing during the review process, the prices will eventually fall. Alternatively, if you hold
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stocks that have depreciated abysmally and have been transferred to this category, you have few

options other than exiting as the bottom may be too low.

BSE to shift 54 stocks to 'T' category; NSE tomove 17 scrips

PTI Jun 11, 2013, 06.39PM IST

Tags:

stocks| Salora International| NATIONAL STOCK EXCHANGE| HB| BSE

(BSE and NSE have identified)

MUMBAI: Leading boursesBSEand NSE have identified over 70 scrips in all, includingSunPharma Advanced Research CompanyandSalora International, for shifting to the restricted

trading category from June 14 as a measure to ensure market safety.

NSE said it would shift 17stocksto the trade-to-trade segment or "T group", while BSE would

move 54 scrips to the category, the exchanges said separately.

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TheNational Stock Exchange(NSE) would transfer 95 stocks back to rolling segment from therestricted trading category, while BSE would shift 309 scrips to the segment.
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The changes would be effective from from June 14. Moreover, NSE said 39 stocks would

continue to be available for trading in "T group", while the figure stood at 393 for BSE.

Under the 'trade-to-trade' segment, no speculative trading is allowed and delivery of shares and

payment of the consideration amount are mandatory.

In case of the rolling settlements, trades done on each single day are settled separately from the

trades done on earlier or subsequent trading days.

Among the stocks which would be moved to the 'T' group on both the exchanges are -- ANG

Industries, Morarjee Textiles, Orient Abrasives andHBStockholdings.

The stocks such as A2Z Maintenance & Engineering Services, Gemini Communication,

Indiabulls Wholesale Services, Khaitan Electricals, Triveni Engineering & Industries would be

shifted back from T category to rolling segment.

The exchanges said that scrips including Kavveri Telecom Products, Mudra Lifestyle, ZenithBirla (India) Ltd, Usha Martin Education & Solutions and Todays Writing Instruments wouldcontinue to be available for trading in "T group".

According to the bourses, the changes are part of the preventive surveillance measure taken by

bourse to ensure the market safety and to safeguard the interest of investors.

They have advised investors to take "adequate precaution" while trading in the restricted

category scrips as the "settlement will be done on trade-to-trade basis and no netting off positionswill be allowed".

However, the bourses said that the transfer of security for trading and settlement on a trade-to-trade basis is purely on account of market surveillance and it should not be construed as anadverse action against the concerned company.
http://economictimes.indiatimes.com/topic/HBhttp://economictimes.indiatimes.com/topic/HBhttp://economictimes.indiatimes.com/topic/HBhttp://economictimes.indiatimes.com/topic/HB

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