Index based market wide circuit breaker triggers staged trading halts, requires real time index data and scrip price band limits. An index based market wide circuit breaker mandates coordinated staged trading halts across equity and equity derivative markets triggered by movement in either the BSE Sensex or NSE S&P CNX Nifty, with earlier breaches determining activation. Absolute point equivalents for thresholds are recalculated quarterly from the quarter end closing level and rounded to index specific increments. Exchanges must provide and access real time Sensex/Nifty data free. Individual scrip wise price bands apply in compulsory rolling settlement except for scrips linked to derivatives, while existing bands remain for other scrips.
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Index based market wide circuit breaker triggers staged trading halts, requires real time index data and scrip price band limits.
An index based market wide circuit breaker mandates coordinated staged trading halts across equity and equity derivative markets triggered by movement in either the BSE Sensex or NSE S&P CNX Nifty, with earlier breaches determining activation. Absolute point equivalents for thresholds are recalculated quarterly from the quarter end closing level and rounded to index specific increments. Exchanges must provide and access real time Sensex/Nifty data free. Individual scrip wise price bands apply in compulsory rolling settlement except for scrips linked to derivatives, while existing bands remain for other scrips.
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