“Series” on NSE/BSE are codes (like EQ, BE) that define a stock’s trading and settlement rules for different investor categories.
In stock exchanges like NSE and BSE, "Series" refers to classifications used to group securities based on trading features and investor categories. Each series code (such as EQ, BE, BL, etc.) indicates how a stock is traded.
For example, EQ is the most common series where stocks are available for regular trading and delivery, while BE refers to trade-for-trade segment where stocks must be settled on a delivery basis only. BL series is typically for block deals.
These series help exchanges manage trading rules efficiently and ensure regulatory compliance. Investors should check the series before placing trades to ensure proper execution and settlement, especially in case of restricted or special-category stocks.
Example "EQ series on NSE allows regular delivery-based trading, while BE series is for compulsory delivery in select stocks."
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