Why are Stoploss Market (SL-M) orders blocked on BSE & NSE ?

Stoploss Market (SL-M) orders are currently restricted for all instruments traded on BSE/NSE across the equity, equity derivatives, currency derivatives , and commodity derivatives segments. This restriction is in place as the exchanges have discontinued Stoploss Market (SL-M) orders to avoid freak trades.

The purpose behind this change is to enhance security measures and prevent the execution of orders significantly away from the prevailing market prices. This precautionary step helps mitigate the risk associated with the placement of potentially erroneous orders.

However, it’s important to note that Stoploss Limit (SL) orders can be utilized as an alternative to Stoploss Market (SL-M) orders. If you are unfamiliar with how to use Stoploss Limit (SL) orders in a manner similar to Stoploss Market (SL-M) orders, you can refer to our guide on “How to use Stoploss-limit(SL) order like a Stoploss-Market(SLM) order?”

Please be aware that any attempt to place SL-M orders on BSE/NSE will result in rejection with a specific error message.

For further clarification or assistance, please connect with our support team by writing to us via email at help@tradejini.com