The capital market regulator has also directed stock exchanges to recheck the dummy filters for stocks that trade in the derivatives segment, the report added.
The control room of SEBI monitors all market activities with additional care is ensured at the time of elections and a few days after that. The control room may be operational till 19 May, the report further said.
â€śIn the event of a market trend in either direction, the dynamic price bands may be relaxed during the day in co-ordination with the other exchange,â€ť said circulars issued by both the BSE and the National Stock Exchange (NSE).
The revision in operating ranges are for no band securities and stocks futures. In the event of a market trend in either direction, the dynamic price bands may be relaxed during the day in co-ordination with the other Exchange. For the purpose of relaxing the dynamic price bands, the Exchange will take into account that a minimum of 10 trades must be executed with multiple UCC (uniform client code)Â on both sides of the trade at or above 9.9% or more of the base price and in further multiples of 5% of the price movement.
The above revision in operating ranges are applicable from May 13, 2014. The 36 days long voting process began on 7 April 2014 and concluded on Tuesday. The results will be declared on 16 May 2014 after which India will get a new government. The term of the current Lok Sabha expires on 1 June and the new House has to be constituted by 31 May.
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