Leading stock exchange BSE has revised circuit limits for share movement of Bharati Defence and Infrastructure and 10 other companies as part of its surveillance action.
The BSE today revised the circuit limits for share movement of Indiabulls Wholesale Services and 26 other companies, as part of its surveillance action. The new limits, which ensure that stock prices do not go up or down beyond a level during a trading session, will be effective from Thursday.
In a tumultuous opening trade after being battered by nearly 30 percent in last trading session on the back of a Sebi order, the stock today opened near its day's low level at Rs 100.10 and further slipped to Rs 100.
Stock exchanges now have to calculate circuit limits on a daily basis. Currently the stock exchanges calculate the circuit filters on the basis of the level attained by Sensex and Nifty at the end of every quarter and the same limits are applicable for every day of trade for the next three months.