{"id":1588,"date":"2020-07-30T15:59:50","date_gmt":"2020-07-30T10:29:50","guid":{"rendered":"https:\/\/blog.tickertape.in\/?p=1588"},"modified":"2022-12-06T15:15:16","modified_gmt":"2022-12-06T09:45:16","slug":"nse-stock-series-what-do-they-mean-and-which-category-is-for-you","status":"publish","type":"post","link":"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/","title":{"rendered":"Stock market series: NSE Stock Series &#8211; Meaning and Categories"},"content":{"rendered":"\n<p>Have you ever come across the two-letter code that appears next to a stock or any other capital market instrument on a trading terminal on a stock exchange? We are talking about the <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-shares\/\">stock market<\/a> series.<\/p>\n\n\n\n<p>Though it may seem daunting to decipher these at first, decoding these codes will simply make trading a lot simpler for you as it takes away certain doubts that you may have. So, let\u2019s understand what each of the <a href=\"https:\/\/www.tickertape.in\/blog\/national-stock-exchange\/\">NSE<\/a> stock series means in this article.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_66_1 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#NSE-stock-series\" title=\"NSE stock series\">NSE stock series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#Why-NSE-stock-series\" title=\"Why NSE stock series?\">Why NSE stock series?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#What-do-the-NSE-stock-series-mean\" title=\"What do the NSE stock series mean?\">What do the NSE stock series mean?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#1-EQ-NSE-series\" title=\"1. EQ NSE series\">1. EQ NSE series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#2-BE-NSE-series\" title=\"2. BE NSE series\">2. BE NSE series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#3-BL-NSE-series\" title=\"3. BL NSE series\">3. BL NSE series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#4-BT-NSE-series\" title=\"4. BT NSE series\">4. BT NSE series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#5-GC-NSE-series\" title=\"5. GC NSE series\">5. GC NSE series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#6-IL-NSE-series\" title=\"6. IL NSE series\">6. IL NSE series<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#7-IQ-NSE-series\" title=\"7. IQ NSE series\">7. IQ NSE series<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#Who-are-Qualified-Foreign-Investors-QFI\" title=\"Who are Qualified Foreign Investors (QFI)?\">Who are Qualified Foreign Investors (QFI)?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#The-transition-from-QFI-to-FPI\" title=\"The transition from QFI to FPI\">The transition from QFI to FPI<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#FAQs\" title=\"FAQs\">FAQs<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#What-is-BE-in-the-stock-market\" title=\"What is BE in the stock market?\">What is BE in the stock market?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#What-NSE-means\" title=\"What NSE means?\">What NSE means?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/www.tickertape.in\/blog\/nse-stock-series-what-do-they-mean-and-which-category-is-for-you\/#What-is-BL-in-the-share-market\" title=\"What is BL in the share market?\">What is BL in the share market?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"NSE-stock-series\"><\/span><strong>NSE stock series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EQ, BE, BL, BT, GC, IL and IQ are the NSE stock series. These suffixes for stocks are more than just codes. They help you understand which stocks of which series you can trade.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Why-NSE-stock-series\"><\/span><strong>Why NSE stock series?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The National Stock Exchange (NSE) is known to be the largest stock exchange in India based on the volume traded. The bourse not only allows trading in equities, but a host of other capital market instruments such as <a href=\"https:\/\/www.tickertape.in\/blog\/preference-share\/\">preference shares<\/a>, debentures, <a href=\"https:\/\/www.tickertape.in\/blog\/government-securities\/\">government securities<\/a>, Indian Depository Receipts (IDR), close-ended <a href=\"https:\/\/www.tickertape.in\/blog\/mutual-funds\/\">mutual funds<\/a>, and ETFs.<\/p>\n\n\n\n<p>Since these investments are transacted in high volume on NSE, the bourse has established several series\/categories for stocks. NSE stock series &#8211; EQ, BE, BL, BT, GC, IL and IQ indicate whether you, as a retail investor, can <a href=\"https:\/\/www.tickertape.in\/blog\/why-should-you-prioritise-investing\/\">invest<\/a> in a stock or not. So, as an investor already trading or looking to <a href=\"https:\/\/www.tickertape.in\/blog\/how-to-invest-in-the-stock-market-beginners-guide\/\">invest in stocks<\/a> listed on NSE, familiarising yourself with these terminologies used on NSE would help you to get a better understanding of stock trading.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What-do-the-NSE-stock-series-mean\"><\/span><strong>What do the NSE stock series mean?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The National Stock Exchange (NSE) has categorised its scrips into 7 series. Here\u2019s the NSE series list and what the categories mean.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"1-EQ-NSE-series\"><\/span>1. <strong>EQ NSE series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This series stands for <a href=\"https:\/\/www.tickertape.in\/blog\/what-is-equity\/\">equity<\/a> and only permits intra-day transactions and equity delivery. Meaning, the series is only meant for intra-day traders and retail equity investors.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.tickertape.in\/blog\/what-is-intraday-trading\/\">Intraday trading<\/a> means buying and selling stocks on the same trading day. The aim is not to invest, but to make a profit out of the fluctuation of stock prices.<\/p>\n\n\n\n<p>Equity delivery, on the other hand, means you buy a stock for investment purposes. Meaning, you hold the stock for a while in your demat account before selling it to make a profit.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"2-BE-NSE-series\"><\/span>2. <strong>BE NSE series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>It stands for Book Entry and facilitates equity delivery, Trade for Trade or T segment trading. In other words, you can only trade such stocks as equity delivery. Intra-day trading is not allowed.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"3-BL-NSE-series\"><\/span>3. <strong>BL NSE series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This series is solely meant for trading block deals or placing bulk orders for shares. These are massive deals that are required to have at least 5,00,000 shares in one bundle. Else, the value of the deal has to be Rs. 5 cr. Transactions under the BL series happen on the \u2018Block Deal window\u2019 and are executed in a single instance. You can only trade BL stock series from 9:15 am to 9:50 am, after which the Block Window is shut.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"4-BT-NSE-series\"><\/span>4. <strong>BT NSE series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This NSE stock series is an exit route for small investors who are looking to sell physical shares. However, investors are only allowed to sell a maximum of 500 shares.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"5-GC-NSE-series\"><\/span>5. <strong>GC NSE series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This series is specifically meant for trading Government Securities (G-Sec) and Treasury Bills.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"6-IL-NSE-series\"><\/span>6. <strong>IL NSE series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This series is only meant for Foreign Institutional Investors (FII). Also, such investors can only trade in securities of companies whose maximum limit for investment by FII is not reached.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"7-IQ-NSE-series\"><\/span>7. <strong>IQ NSE series<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>This NSE stock series only permits Qualified Foreign Investors (QFI) to trade in stocks without the approval of the depositories.<\/p>\n\n\n\n<p><strong>Note:<\/strong><\/p>\n\n\n\n<ul><li>Retail investors mostly trade under NSE \u2013 EQ and BE categories only.<\/li><li>Intraday trading is mostly done under NSE EQ.<\/li><li>The \u2018delivery percentage\u2019 under BE category is 100%.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who-are-Qualified-Foreign-Investors-QFI\"><\/span><strong>Who are Qualified Foreign Investors (QFI)?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>As per FII rules, only foreign institutional investors were allowed to invest in domestic companies. Individual investors couldn\u2019t invest in India without having a sub-account with an FII. This limited the scope of foreign investment in the country, which is why the concept of QFI was introduced in 2002.<\/p>\n\n\n\n<p>QFIs didn\u2019t need to have a sub-account with the FII to invest in India. However, they were mandated to have a demat account and a trade account with a depositor. A QFI needed to take prior approval from a depository if their investment breaches 8% of the company\u2019s equity paid-up capital.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"The-transition-from-QFI-to-FPI\"><\/span><strong>The transition from QFI to FPI<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>Notably, QFIs have now been merged with Foreign Portfolio Investors (<a href=\"https:\/\/www.tickertape.in\/blog\/foreign-portfolio-investment\/\">FPI<\/a>) since 2014 to simplify and attract foreign portfolio investments in India. Vide the FPI Regulations 2014, FII, sub-accounts, and QFIs are now merged with Foreign Portfolio Investors (FPI).<\/p>\n\n\n\n<p>The FPI was, in turn, divided into three categories depending on the investor\u2019s risk profile. Here\u2019s the list:<\/p>\n\n\n\n<ol><li><strong>Category I:<\/strong> government and related foreign investors<\/li><li><strong>Category II:<\/strong> regulated broad-based funds (BBF), persons, pension funds, university funds, and unregulated BBFs with regulated investment managers registered as an FPI<\/li><li><strong>Category III:<\/strong> those who don\u2019t fall under the above<\/li><\/ol>\n\n\n\n<p>By default, the existing QFIs fell under the Category III of FPI. However, they could also be categorised as Category I or Category II if they met the respective eligibility. Also, the existing QFIs at the time were allowed to continue transacting till 6th Jan 2015 or until the QFI got an FPI registration certificate, whichever was earlier.<\/p>\n\n\n\n<p>Now that we have decoded the NSE equity series, you will be in a better position to understand whether or not you can invest in a particular stock listed on the bourse.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"FAQs\"><\/span><strong>FAQs<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1670315955432\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What-is-BE-in-the-stock-market\"><\/span><strong>What is BE in the stock market?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>BE in NSE stands for Book Entry and facilitates equity delivery, Trade for Trade or T segment trading. You can not only trade such stocks as equity delivery; intra-day trading is not allowed.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1670315978790\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What-NSE-means\"><\/span><strong>What NSE means?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>NSE stands for the National Stock Exchange. It is the largest bourse in India based on the volume traded.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1670316037075\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \"><span class=\"ez-toc-section\" id=\"What-is-BL-in-the-share-market\"><\/span><strong>What is BL in the share market?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The BL series is meant to trade block deals or to place bulk orders for shares. These deals are required to have at least 5,00,000 shares in a bundle or the value of the deal has to be Rs. 5 cr. Trading under this series is open from 9:15 am to 9:50 am.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>NSE stock series: EQ, BE, BL, BT, GC, IL and IQ are more than just codes, they indicate whether you can invest in a stock or not. Let&#8217;s decode these codes to get a better understanding of trading<\/p>\n","protected":false},"author":27,"featured_media":1593,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"_lmt_disableupdate":"no","_lmt_disable":"no","footnotes":""},"categories":[9,1749],"tags":[38,39,40,37,41,42,33,45,46,32,36,44,43,35],"acf":[],"modified_by":"Aradhana Gotur","jetpack_featured_media_url":"https:\/\/www.tickertape.in\/blog\/wp-content\/uploads\/2020\/07\/NE-Stock-Series-.jpg?wsr","_links":{"self":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/1588"}],"collection":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/users\/27"}],"replies":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/comments?post=1588"}],"version-history":[{"count":6,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/1588\/revisions"}],"predecessor-version":[{"id":11285,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/posts\/1588\/revisions\/11285"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media\/1593"}],"wp:attachment":[{"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/media?parent=1588"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/categories?post=1588"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.tickertape.in\/blog\/wp-json\/wp\/v2\/tags?post=1588"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}