NCFM Training in Hyderabad : Stock Market Course - AS Chakravarthy Academy provides comprehensive and the best Institute for NCFM Training in Hyderabad : CM - Capital Market Dealers Module, Derivative Mkt (Dealers)Module, Commodities Mkt Module, AMFI Advisor Module, NISM Currency Derivatives Module, These Modules are helped to shape your career very well.
Best for Opstions Trading Training and Intraday Trading Training in Hyderabad
NCFM Training in Hyderabad : Capital Market - Circuit Breakers
On 2ndJuly’2001, the index-based market-wide circuit breaker system is introduced by the Exchange. In addition to the circuit breakers, price bands are also applicable on individual securities.
Index-based Market-wide Circuit Breakers system: It applies at 3 stages of the index movement, specifically at 10%, 15% and 20%. When these circuit breakers are triggered; a coordinated trading brought to a halt in all equity and equity derivative markets nationwide. These circuit breakers are triggered by movement of either the BSE Sensex or the S&P CNX Nifty, whichever is breached earlier.
In case of a 10% movement of either of these indices: there shall be a one-hour market halt if the movement takes place before 1:00 P.M.
There shall be a ‘half an hour’ market halts if the movement takes place at or after 1:00pm but before 2:30 P.M.
If the movement takes place at or after 2:30 P.M., there shall be no trading halt at the 10% level and market shall continue trading.
In case of a 15% movement of either of these indices: there shall be a two-hour halt if the movement takes place before 1 P.M.
There shall be an hour halt, if the 15% trigger is reached on or after 1:00 P.M., but before 2:00 P.M. The trading shall be halt for rest of the day, If the 15% trigger is reached on or after 2:00 P.M.
In case of a 20% movement of the indices: trading shall be halted for the rest of the day. These percentages are translated into absolute points of index variations quarterly, which shall be revised at the end of each quarter for the purpose of its applicability on next quarter. The absolute points are calculated based on closing level of index on the last day of the trading in a quarter and rounded off to the nearest 10 points in case of S&P CNX Nifty.
TO KNOW OUR NISM - NCFM Course Training in Hyderabad Please Visit AS Chakravarthy NCFM Academy Hyderabad : Stock Market Training Institute in Hyderabad