Two leading stock exchanges in India, Mumbai based Bombay Stock Exchange and New Delhi based National Stock Exchange have issued a notice for traders to trade carefully in around 2000 scrips. Two exchanges found trading in these counters too risky for an average trader.

This list mainly contains companies that do not see much volume in routine trading. Few with considerable volume are M India, Arrow Textiles, AstraZeneca Pharma, Celebrity Fashions, Cyber Media, Emkay Global Financial Services, Heritage Foods, Mukta Arts, Kirloskar Industries, Salora International and Vipul.

Both exchanges issued separate circulars for traders. These risky-to-trade companies are coined as 'illiquid' in exchanges circular. Traders are asked to "to exercise additional due diligence while trading in these securities either on own account or on behalf of their clients."

These stocks are those which are rarely traded in bulk. They see sharp changes in their prices when any bulk insider deal takes place, leaving investor clueless. Investors in these very low liquidity stocks often find themselves ending with funding no buyer or no seller responding to their investment. This action to release illiquid stocks was directed by Security and Exchange Board of India (SEBI). SEBI, BSE and NSE officials together decided names to be included in this list.