Why am I getting an error stating 'This scrip is marked under ASM/GSM by the exchange'?
The error 'This scrip is marked under ASM/GSM by the exchange' pops up when you attempt to place orders in securities listed under Additional Surveillance Measures (ASM) or Graded Surveillance Measures (GSM) by the exchange.
Why are ASM/GSM Implemented?
These measures are introduced by stock exchanges to monitor and restrict trading in securities that show unusual price and volume movements. The intent is to ensure market integrity and protect investors from stocks that may be manipulated..
For a comprehensive list of securities under ASM, refer to this article.
For detailed information on GSM and associated securities, refer to this article.