BSE fixes 3,100-pt Sensex trigger for trading halt in Q1-2012
   
Quotes

BSE fixes 3,100-pt Sensex trigger for trading halt in Q1-2012

Last Updated: Friday, December 30, 2011, 18:35
 
 Comment 0
 
BSE fixes 3,100-pt Sensex trigger for trading halt in Q1-2012
Mumbai: The Bombay Stock Exchange (BSE) on Friday said trading would halt for the day if the benchmark Sensex moves up or down 20 percent, or 3,100 points, in a single day for the January-March quarter.
    
According to a statement by BSE, market circuit breakers would be triggered at three stages of the index movement either way at 10 percent, 15 percent and 20 percent.
     
It further said that market wide circuit breakers would be triggered by the movement of either Sensex or the NSE S&P CNX Nifty whichever is breached earlier.
    
In case of a 10 percent or 1,550 points movement either way before 1 pm, there would be a one-hour market halt. If it is after 1 pm but before 2.30 pm, the halt is for half an hour. There will be no trading halt, if Sensex or Nifty moves 10 percent up or down at or after 2.30 pm.
    
In case of a 15 percent movement or 2,325  points in index before 1 pm,  there will be a two-hour market halt. If the 15 percent trigger level is reached on or after 1 pm but before 2 pm, there will be a halt of an hour. If this trigger is reached on or after 2 pm, the trading will be halted for the remainder of the day.
     
Further, in case of a 20 percent, or 3,100-point, movement of the index, the trading will be halted for the remainder of the day, it said.
    
The circuit breaker brings about a coordinated trading halt in all equity and equity derivative markets nationwide.

PTI




First Published: Friday, December 30, 2011, 18:35


Comments


comments powered by Disqus
New Vento 2015
New Vento 2015
Audi all-new SUV Q3
Audi all-new SUV Q3
Indian Billionaire Daughters
Indian Billionaire Daughters
TOP 5  happy cities of India
TOP 5 happy cities of India
Forbes Top 10 Billionaires 2015
Forbes Top 10 Billionaires 2015

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved