Meaning of SERIES

In NSE data of bhavopy one field is named as SERIES having content like (N1 BE P1 EQ IL E1 .) what does these mean.

series refers to the segment in which the security is in.
for example a security in BE series is in the Trade-for-Trade segment, partly paid up shares are in E1 series (e.g. Hindalco partly paid up) etc etc.

Can u explain little more
and why most transctions are as EQ ?

EQ = normal. you can square off in this segment, i.e. intraday is allowed. most of the scripts are traded in this series and thats why you see EQ frequently.

BE= Trade for Trade. scripts in this segment cannot be squared off. sebi shifts scripts from EQ to BE and vise-verse as per its surveillance mechanism.

E1= partly paid up shares are in E1 series. for example Hindalco during its recent Right Issue had taken Rs 24 on application (the right issue was for Rs.94) the rest of the money will be taken on subsequent calls as fixed by the company. these partly paid up shares are traded in E1 series.

Moreover IL is Institutional Segment and BL is Block Deal Segment:clap: