The National Stock Exchange (NSE) has introduced one Paisa tick size for all stocks below Rs 250 per share. "Exchange has informed about revision in tick size of securities price below Rs 250 in Capital Market Segment (CM Segment) of NSE. The stock futures shall have the same tick size as applicable for underlying security in CM Segment," NSE stated.

The exchange said it will reduce the tick size to one paisa for securities priced below Rs 250 in the cash segment from 5 paisa currently. A tick size is the minimum price movement by which stock prices can change. This follows a similar move by BSE last year where it had reduced the tick size to 1 paisa for stocks below Rs 100 in the cash segment.

All securities - except ETFs - under EQ, BE, BZ, BO, RL and AF series will see their tick sizes change from the earlier tick of five paise, according to the NSE circular. The tick size for securities in T+1 settlement will also be applicable for T+0 settlement (series T0), the NSE circular added.

The exchange said it will reduce the tick size to one paisa for securities priced below Rs 250 in the cash segment from 5 paisa currently. A tick size is the minimum price movement by which stock prices can change.

This follows a similar move by BSE last year where it had reduced the tick size to 1 paisa for stocks below Rs 100 in the cash segment.

All securities - except ETFs - under EQ, BE, BZ, BO, RL and AF series will see their tick sizes change from the earlier tick of five paise, according to the NSE circular. The tick size for securities in T+1 settlement will also be applicable for T+0 settlement (series T0), the NSE circular added.