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What does the order rejection “Buy orders are blocked as the stock is in watchlist for unsolicited SMS tips circulation” mean?

In line with exchange regulations and our RMS policy, trade restrictions are placed on the exchange's list of unsolicited SMS stocks. You can keep track of the blocked stocks here .

You can check the historical and current exchange lists of NSE (WEB) and BSE (WEB) of unsolicited SMS.

Check out this TradingQ&A post to learn how investing in unsolicited SMS stocks can be detrimental.