Index based market wide circuit breaker in compulsory rolling settlement

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....ck Exchanges Dear Sir, Sub:-Index based market wide circuit breaker in compulsory rolling settlement It has been decided to implement with effect from July 02, 2001 an index based market wide circuit breaker system, which will apply at three stages of the index movement either way at 10%, 15% and 20%. These circuit breakers will bring about a coordinated trading halt in all equity and equity d....

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....hed on or after 2 pm the trading will halt for the remainder of the day. * In case of a 20% movement of the index, the trading will be halted for the remainder of the day. 2. These percentages will be translated into absolute points of index variations on a quarterly basis and at the end of each quarter these absolute points of index variations would be revised and be applicable for the next qu....