The National Spot Exchange Limited (NSEL) has suspended trading of contracts in e-series with effect from August 6, 2013, till further notice, it said in a press release on Tuesday.
The NSEL spokesperson said, “We did not receive any Government order till the time of sending out this release at 6 pm, but as an abundant precaution, we did not commence trading in e-series at 10 am. We will check with the authorities to find out the facts, and accordingly, we will fully comply with Government order."
In this situation, the Exchange suggested investors to continue to hold the stock in demat form to safeguard their interests.
It also said that investors holding stock can apply for converting to physical and the same will be facilitated by the Exchange.
