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MUMBAI, Jan 2 Asia Pulse - The Bombay Stock Exchange on Friday said it will implement a market-wide index-based circuit breaker system on a quarterly basis.
The system is applicable at three stages of the index movement either way, at 10 per cent, 15 per cent and 20 per cent. These circuit breakers will bring about a coordinated nationwide trading halt in all equity and derivative markets, the exchange said in a release here.
The circuit breakers would be triggered by movements of either the Sensex or the Nifty, whichever breaches the levels earlier.
In case of a 10 per cent movement in any of the said indices before 1 pm, there would be a 1-hour market halt. In case it happens between 1 pm and 2.30 pm, there will be a ...