Index based market wide circuit breaker in compulsory rolling settlement

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....nt/Executive Director/Managing Director All the Stock 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 ....

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.... is reached on or after 1 pm but before 2 pm, there will be a 1 hour halt. If the 15% trigger is reached 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 quarter....