SEBI revises circuit limit system for Sensex, Nifty

India Infoline News Service | Mumbai |

The new calculation would apply for 10%, 15% and 20% circuit limits in Sensex and Nifty, with effect from October 1, 2013.

SEBI directed stock exchanges to implement an index based market wide circuit breaker system.

The new calculation would apply for 10%, 15% and 20% circuit limits in Sensex and Nifty, with effect from October 1, 2013.

SEBI said: "The stock exchange on a daily basis shall translate the 10 per cent, 15 per cent and 20 per cent circuit breaker limits of market-wide index variation based on the previous day's closing level of the index".

Sebi further said that the stock exchange should resume trading in stocks with a 15-minute pre-open call auction session, after any trading halt.

Such pre-open call auction session shall be governed as per the provisions mandated vide SEBI circulars no. CIR/MRD/DP/21/2010 dated July 15, 2010, CIR/MRD/DP/32/2010 dated September 17, 2010 and CIR/MRD/DP/6/2013 dated February 14, 2013.
 

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