18 hours ago
The Stock Exchange (NSE) on Thursday (March 13) has placed private lender IndusInd Bank Ltd under the Additional Surveillance Measure (ASM) Stage 1 framework.
Stage 1 Additional Surveillance Measure (ASM) is a regulatory framework used by Indian stock exchanges to monitor and control unusual price movements or volatility in stocks. When a stock is placed in Stage 1 ASM, it undergoes heightened scrutiny, and investors are required to meet a 100% margin requirement for trades.
This measure is designed to mitigate risks and protect market integrity by controlling speculative trading and ensuring stability. Stocks remain under ASM until they no longer exhibit the concerning behaviours or meet the criteria for removal from the framework.
In stage 1 of the ASM Framework, a requirement of 100% margin is needed and the stock is kept in a daily price band of 5%. When a stock is removed from the ASM Framework, it means that concerns about manipulation or volatility have decreased around the stock.
