What does EQ, BE, BL, BT, GC and IL series stands for in NSE?
===================================================
EQ: It stands for Equity. In this series, intraday trading is possible in addition to delivery.
BE: It stands for Book Entry. Shares falling in the Trade-to-Trade or T-segment are traded in this series and no intraday is allowed. This means trades can only be settled by accepting or giving the delivery of shares.
BL: This series is for facilitating block deals. A Block deal is a trade, with a minimum quantity of 5 lakh shares or minimum value of Rs. 5 crores, executed through a single transaction, on the special “Block Deal window”. The window is opened for only 35 minutes in the morning from 9:15 to 9:50 AM.
BT: This series provides an exit route to small investors having shares in the physical form with a cap of maximum of 500 shares.
BZ: Stocks that are blacklisted for violation of exchange rules. These series stocks fall under Trade-to-Trade category and hence BTST (Buy Today Sell Tomorrow) and intraday is not allowed in such stocks.
GC – This series allows Government Securities and Treasury Bills to be traded under this category.
IL – This series allows only FIIs to trade among themselves. Permissible only in those securities where the maximum permissible limit for FIIs is not breached.