Fyers's motive behind blocking / banning CNC buy orders questionable !
It is well-known fact that exchanges usually put stocks where investor participation (by unique PAN) is less in T, X, Z etc groups and in ASM, to prevent price manipulation, and to forewarn prospective investors in these stocks to take informed decision, and NOT to ban buying these stocks.
What makes it worse is Fyers banned even CNC buy orders in some very good "B" group stocks (despite being backed by ready funds in client accounts). Why shouldn't this be seen as Fyers abetting manipulation in these stocks? by preventing wider investor participation? Fyers clients facing such issues are & will place orders through other brokers! Fyers can't impose what their clients shall / shall not buy. Several good stocks have been blocked by Fyers for their clients, when exchanges have not given any such directive ?
This certainly is NOT Fyers's risk management issue as any orders can be placed only if there are funds in client account!
Fyers doesn't seem to care about bad reputation these actions bring. Investing community suspects the motive behind such decisions. Investing public won't get fooled by Fyers forever. Very bad Fyers.