Santosh Meena, head of research at Swastika Investmart, says, “This strategic move aims to temper speculative activity by disallowing intraday trades in these stocks. Investors can buy for delivery; however, it is difficult to sell for delivery if the stock is hitting a lower circuit. As per the earlier circular, it should be out of Nifty on a T+3 basis, but there is a catch because the T+3 will be counted from the listing day provided stock doesn't hit the circuit; therefore, T+3 will be counted when the circuit opens.”Read more:
