SMDRP DEPARTMENT
SEBI's Press Release on Price Filters/Index based Circuit Breakers.
Decisions on Price Filters/ Index based Circuit Breakers in the aftermath of the events in the
United States of America
In the aftermath of event in the US and after consultations between SEBI and the two exchanges, BSE and NSE, the following was decided :-
- The market will remain open
- The market wide index based circuit breaker shall be kept at the level of 10% of the fall in BSE Sensex and S & P CNX Nifty of the pre announced index levels and further relaxation shall not be permitted.
- The 53 individual securities in the derivative segment on which currently exchanges apply a price filter at the level of 20% for the purpose of order verification, would now be reduced to the level of 10% and orders beyond this level will not be accepted/ approved by the trading system of the exchanges.
- The price bands on other scrips shall remain unchanged.
- All the above decisions will apply till further orders.
September 12, 2001
Source : www.sebi.gov.in (Ref.No.PR 157/2001)
