BSE fixes new circuit filter limits for April-June qtr

A movement of 1,950 points in the Sensex and NSE S&P CNX Nifty in a session would bring trading to a halt during the upcoming quarter, as per the new circuit filter limits set by the country's oldest bourse the Bombay Stock Exchange (BSE).

This circuit would be applicable on movements on either side of gain or loss, a statement issued by the BSE said.

The market-wide circuit breakers would be triggered by movement of either Sensex or the NSE S&P CNX Nifty, whichever is breached earlier.

According to the circuit-breaker system, a 10% or 1,950 points movement before 1300 hrs triggers a one-hour halt, a gain or loss of 15% or 2,925 points before 1300 hrs halts the trading for two hours, while a movement of 20% or 3,900 points leads to the trading being halted for the remainder of the day.

Besides, a movement of 10% takes place after 1300 hrs or before 1430 hrs trading would be suspended for half an-hour, while in case of gain or loss of 15% during the same period would halt the trading for an hour.

In addition, in case movement of either index takes place at or after 1430 hrs, there would be no trading halt at 10% level and market would continue as usual, but in the same period if the 15% triggered is reached the trading will halt for the remainder of the day.