TRADING IN ILLIQUID SHARES ONLY THRU PERIODIC CALL AUCTION: SEBI

The Securities and Exchange Board of India (SEBI) has said that effective from April 1, illiquid stocks would be traded only through the periodic call auction mechanism on stock exchanges instead of the existing order-driven system in the normal market.

• Call Auction in these stocks would be done every one hour starting 9:30 a.m. on each trading day.
• Stocks having an average daily trading volume of less than 10,000 shares with the average daily number of trades of less than 50.