BSE 'T' group stocks soar as punters ramp up prices

"The Bombay Stock Exchange (BSE) moved over 600 stocks — nearly one-fifth of the total stocks listed on the bourse — to the trade-to-trade, or ‘T’ group, last month, to curb speculative activity.

Only delivery-based transactions are allowed in the ‘T’ group; traders can not take intra-day positions. This a preventive action on the part of the exchange to reduce systemic risk arising from excess speculation. If the activity in a stock dies down after its inclusion in the ‘T’ group, it is a fair indicator that much of the interest till then had been speculative and not based on fundamentals."

Read further...BSE 'T' group stocks soar as punters ramp up prices