ADDITIONAL SURVEILLANCE MEASURE (ASM) - ECONOMY
News: BSE, NSE put Adani flagship under Additional Surveillance Measure
What is in the news?
●
The BSE (Bombay Stock Exchange) and
the National Stock Exchange (NSE) said that Adani Enterprises Ltd (AEL) was
shortlisted in short-term Additional Surveillance Measure frame work Stage-I.
Additional Surveillance Measure framework:
About:
●
The ASM was introduced in
2018 with the intention to protect investors from market volatility and unusual
changes in share price.
Implemented by:
●
Securities
Exchange Board of India.
Functions:
●
ASM in the stock market
functions as a control measure for speculative trading to safeguard the interests
of retail investors and keep them out of potentially dangerous trading
situations.
●
Two
parts:
○ Long-term
ASM
○ Short-term
ASM
Criteria:
●
The following criteria
are used to select stocks for inclusion in ASM and were mutually decided upon
by SEBI and Exchanges:
○ Close-to-Close
Price Variation
○ Market
Capitalization
○ Volume
Variation
○ Delivery
Percentage
○ High
Low Variation
○ Client
Concentration
○ of
Unique PANs.