Trading halted for the day as markets hit 20% upper circuit, after re-opening for trade. In the beginning at 9:55 am, the markets were locked at 15% upper circuit and exchanges halted the trade for two hours.
Its the first time ever in History that the Indian Stock Markets have hit the Upper Circuit.
The UPA's (United Progressive Alliance) clean sweep win has cheered the markets and helped the benchmark indices to hit 20% upper circuit. It was a Golden Monday for the Indian markets and became a history on the Dalal Street.
The BSE implements on a quarterly basis the index based market wide circuit breaker system, which is applicable at three stages of the index movement either way at 10 per cent, 15 per cent and 20 per cent. This circuit breaker brings about a coordinated trading halt in all equity and equity derivative markets nationwide.
The market wide circuit breakers would be triggered by movement of either Sensex or the NSE S&P CNX Nifty whichever is breached earlier.
In case of a 10% movement of either of these indices, there would be a 1-hour market halt if the movement takes place before 1 p.m. In case the movement takes place at or after 1 p.m. but before 2.30 p.m. there will be a trading halt for 1½ hour. In case the movement takes place at or after 2.30 p.m. there will be no trading halt at the 10% level and the market will continue trading.
The market wide circuit breakers would be triggered by movement of either Sensex or the NSE S&P CNX Nifty whichever is breached earlier.
In case of a 10% movement of either of these indices, there would be a 1-hour market halt if the movement takes place before 1 p.m. In case the movement takes place at or after 1 p.m. but before 2.30 p.m. there will be a trading halt for 1½ hour. In case the movement takes place at or after 2.30 p.m. there will be no trading halt at the 10% level and the market will continue trading.
In case of a 20% movement of the index, the trading will be halted for the remainder of the day.
| |
__._,_.___
Visit Our WebSite : www.MumbaiHangout.Org
Forum : www.MumbaiHangout.net
------------------
DISCLAIMER :
------------------
This message serves informational purposes only and should not be viewed as an irrevocable indenture between anyone. If you have erroneously received this message, please delete it immediately and notify the sender at MumbaiHangOut-Owner@yahoogroups.com. The recipient acknowledges that any views expressed in this message are those of the Individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of The M.H.O. Group. M.H.O. reserves the right to repeal, change, amend, modify, add, or withdraw the contents herein without notice or obligation.
---------------------------------------------------
Note:- MHO is Not Responsible For Any Claims.
---------------------------------------------------
Forum : www.MumbaiHangout.net
------------------
DISCLAIMER :
------------------
This message serves informational purposes only and should not be viewed as an irrevocable indenture between anyone. If you have erroneously received this message, please delete it immediately and notify the sender at MumbaiHangOut-Owner@yahoogroups.com. The recipient acknowledges that any views expressed in this message are those of the Individual sender and no binding nature of the message shall be implied or assumed unless the sender does so expressly with due authority of The M.H.O. Group. M.H.O. reserves the right to repeal, change, amend, modify, add, or withdraw the contents herein without notice or obligation.
---------------------------------------------------
Note:- MHO is Not Responsible For Any Claims.
---------------------------------------------------
Change settings via the Web (Yahoo! ID required)
Change settings via email: Switch delivery to Daily Digest | Switch format to Traditional
Visit Your Group | Yahoo! Groups Terms of Use | Unsubscribe
.
__,_._,___
No comments:
Post a Comment