 "Sebi revises circuit breaker rules")
Sebi has revised the rules for circuit breaker-induced trading halts for India's two main equity indexes, aiming to contain volatility.
Stock exchanges would now calculate 10%, 15% and 20% circuit breaker limits of market-wide index variation based on the previous day's closing levels on the Sensex and the Nifty.
Currently, the NSE and BSE exchanges calculate an absolute value for the circuit breaker limit using the 10, 15 and 20% price band movement based on the index's quarter-end closing level.
Also Read
Resumption of trading after a halt triggered by the circuit breaker would now be followed by a 15-minute pre-open call auction session, the Securities and Exchange Board of India (SEBI) said in a circular on Tuesday.
The new rules will come into effect on October 1.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%