Share Price Fluctuation in one day

Friends!

Fluctuation of share price is common in stock market. But, my doubt is that, is there any maximum limit for the price fluctuation in one day?

What is the maximum percentage of change (gain or loss, increase or decrease) can occur for a single stock or a index IN ONE DAY ?

Thanks and regards
Mahesh

According To My Personal Opinion, Price Fluctuations Of A Scrip Depends On The Market Trend For The Last Five Sessions And The Market-cap Of The Companies As Well.
But,under The Normal Market Conditions:
Price Fluctuations For The Large Cap : Approx 1%- 5% Up/down Is Appreciable
For The Midcap: Approx 3%- 7% Up/down Is Appreciable
For The Smlcap: Approx 5%- 10% Up/down Is Considerable
Thanx!!!!

Abhishek .. thaks for the info

Well, my another perspective of the question is .. What is the maximum percentage a price can rise or fall. Actually one of my friend was saying that any share price cannot rise or fill beyond 20% and thats the ceiling/limit for any kind of scrip. But last week as everyone knows few shares fell down more than 24% ... so is there any limit for it ?

Controlling Price Of Shares And NSE,BSE Index in Intra Day Trading is known as
Upper Circuit and Lower Circuit.
Lower Circuit is -16 %
Upper Circuit is 16 % for Shares.
I think For Index this is another calculation assumming waitage of Scripts.

In case of certain scrips, a single day fall is 51% e.g GTL Ltd and GTL Infrastructure, which was on 20th June 2011 why??????????

Welcome to the Forum Pahi, please note that you just replied to a 2008 Post!!

It might be because of stock split or bonus. As number of shares in the mkt increases due to these actions, price gets adjusted accordingly.

For many of the shares, circuit filters - i.e. the maximum % price can vary per day is fixed by the exchange. Share price will always fluctuate within the limits only. But for some shares, it may not be available, in which case, the rates may vary much. Once exchange notices that the fluctuations are more, they will step into and fix this circuit filter. The details of circuit filter will be available in Economic times newspaper.

There's no band for scrips which have derivative products based on them! GTL is one of them!