regulation · intermediate

GSM

Graded Surveillance Measure is a staged framework for securities showing abnormal price behaviour.

GSM places securities into graded stages with progressively stricter conditions.

Higher GSM stages can include trade-to-trade settlement and additional surveillance deposits.

NSE and BSE coordinate GSM lists so both markets apply similar treatment.

Movement between GSM stages depends on continued price and volume behaviour.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.