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| Discuss A point to ponder at the General Trading & Investing Chat within the Traderji.com - Discussion forum for Stocks Commodities & Forex; An excerpt from a blog maintained by Mr.Suman Mukherji "I do not know ... |
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#1
22nd January 2008, 09:59 AM
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A point to ponder
An excerpt from a blog maintained by Mr.Suman Mukherji
"I do not know why BSE removed the lower level circuit limits to stop the markets to go beyond 10%, levels. Is there a tacit understanding between the short sellers and BSE to take the market to the new lows??" 
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#2
22nd January 2008, 11:24 AM
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Re: A point to ponder
Quote:
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#3
23rd January 2008, 12:13 AM
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Re: A point to ponder
Hi
10% low circuit is not on yesterday's closing. It is arrived average of last month/quarter sensex and average of SENSEX will be announced by exchanges for fixing ciruits. This average hold good till the end of the current month. Praveen
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#4
23rd January 2008, 09:59 AM
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Re: A point to ponder
Quote:
If in case index drops by 15% before 1 pm then trading to be halted for 2 hours. If 15% drop between 1-2 pm then trading to be halted for one hour. If 15% drop after 2 pm then trading to be halted for rest of the day. In the case of 20% drop in the index then trading to be halted for the rest of the day.
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