NSE / BSE group meanings (EQ, BE, BZ, T)
NSE and BSE classify listed securities into groups based on trading characteristics and surveillance status. The main groups are EQ, BE, BZ, and T.
Group classifications
| Group | Meaning | Trading characteristics |
|---|---|---|
| EQ | Equity (rolling settlement, normal trading) | Standard intraday + delivery allowed |
| BE | Book Entry (trade-to-trade settlement) | Only delivery; no intraday |
| BZ | Specific surveillance category | Restrictions per exchange |
| T | Trade-to-Trade segment | Only delivery; settled trade-by-trade |
The groupings reflect both intrinsic stock characteristics and SEBI / exchange surveillance.
EQ group
Most listed equities. Standard rolling settlement; intraday MIS and delivery CNC both allowed. Default for liquid scrips not under surveillance.
BE group (book entry)
Trade-to-Trade scrips on BSE specifically. Each trade must result in delivery:
- No intraday squareoff.
- Settlement T+1 via delivery.
- Often surveilled or low-liquidity scrips.
BZ group
A subset of BSE scrips under specific surveillance measures. Restrictions vary; typically:
- 100% upfront margin.
- Tighter price band.
- May overlap with T2T segment .
T group (trade-to-trade)
NSE’s T2T segment equivalent. Every trade requires delivery; no netting.
Implications for traders
For each scrip you trade, check the group classification:
- EQ: Normal trading; MIS and CNC both work.
- BE / T / BZ: Delivery only; CNC required.
For Zerodha Kite, the segment / group is reflected in the order ticket; MIS may be rejected for non-EQ groups.
See also
- Trade-to-Trade segment rules
- ASM and GSM frameworks explained
- Long-term ASM Stage 1 to 4
- Short-term ASM
- Periodic Call Auction stocks
- Circuit filters NSE BSE
- Suspended stock holdings on Zerodha
- What is stock suspension, process and impact
- Large / mid / small-cap classification at Zerodha
- NSE BZ category explained
- SM / M symbols (NSE Emerge / BSE SME)
- Surveillance measures and trading risks
- Penny stock block (nudge) on Kite
- DVR shares on Kite
- Partly-paid shares on Kite
- EGRs (Electronic Gold Receipts) on Zerodha
- Block deal vs bulk deal on Zerodha
- Illiquid stocks SEBI rules
- Settlement (F&O)
- Settlement cycle changes 2025-26
- T+1 settlement in Indian equity
- Instant settlement T+0 stocks list
- How to add scrips to the Kite marketwatch
- CNC product type
- MIS product type
- National Stock Exchange
- Bombay Stock Exchange
- Zerodha
- Kite (Zerodha)
External references
References
- NSE India, Group classifications, nseindia.com.
- BSE India, Group classifications, bseindia.com.
- SEBI, Surveillance framework, sebi.gov.in.