NSE to shift Pantaloons Fashion, Jindal Poly to normal trading

MUMBAI: National Stock Exchange ( NSE) today said Pantaloons Fashion & Retail Ltd and Jindal Poly Films Ltd will be transferred to normal trading category from the restricted segment.

The changes would be effective from July 31, 2013, the exchange said in two separate circulars.

"Pantaloons Fashion & Retail and Jindal Poly Films shall be transferred from trade for trade segment to rolling segment with effect from July 31, 2013," NSE said.

Generally, securities that are sold in the secondary market typically settle three business days after the initial trade date. When securities are sold and settled on successive business days, they are said to be experiencing a rolling settlement.

In case of 'trade for trade' segment, no speculative trading is allowed and delivery of shares and payment of the consideration amount are mandatory.

The move is a part of the preventive surveillance measure to ensure market safety and safeguard the interest of the investors.