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    Question

    The National Stock Exchange (NSE) and BSE have 

    announced revisions in Enhanced Surveillance Measures (ESM) framework, which was introduced last month to curb volatility and possible manipulation in small and micro-cap companies with a market cap of less than Rs. 500 crore.In a major relief, trading has now been permitted on all trading days within the____ price band.
    A 2 percent Correct Answer Incorrect Answer
    B 4 percent Correct Answer Incorrect Answer
    C 6 percent Correct Answer Incorrect Answer
    D 9 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    The National Stock Exchange (NSE) and BSE have  announced revisions in Enhanced Surveillance Measures (ESM) framework, which was introduced last month to curb volatility and possible manipulation in small and micro-cap companies with a market cap of less than Rs. 500 crore.   Stocks of companies placed under stage II ESM were permitted to be traded only once a week with period call action. In a major relief, trading has now been permitted on all trading days within the 2 per cent price band and with 100 per cent margin requirement.    However, no change has been announced for companies in Stage I.

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