Archive for March 30th, 2007
BSE Press Release
The Exchange implements on a quarterly basis (SEBI circular SMDRPD/Policy/Cir-37/2001 dated June 28, 2001) the index based market wide circuit breaker system. The system is applicable at three stages of the index movement either way at 10%, 15% and 20%. This circuit breaker brings about a coordinated trading halt in all equity and equity derivative markets nationwide.
The market wide circuit breakers would be triggered by movement of either SENSEX or the NSE S&P CNX Nifty whichever is breached earlier.
-
In case of a 10% movement of either of these indices, there would be a 1-hour market halt if the movement takes place before 1 p.m. In case the movement takes place at or after 1 p.m. but before 2.30 p.m. there will be a trading halt for ½ hour. In case the movement takes place at or after 2.30 p.m. there will be no trading halt at the 10% level and the market will continue trading.
-
In case of a 15% movement of either index, there will be a 2-hour market halt if the movement takes place before 1 p.m. If the 15% trigger is reached on or after 1 p.m. but before 2 p.m., there will be a 1 hour halt. If the 15% trigger is reached on or after 2 p.m. the trading will halt for the remainder of the day.
The percentages are calculated on the closing index value of the quarter. These percentages are translated into absolute points of index variations (rounded off to the nearest 25 points in case of SENSEX). At the end of each quarter, these absolute points of index variations are revised and made applicable for the next quarter.
On March 30, 2007, the last trading day of the quarter, SENSEX closed at 13072.10 points. The absolute points of SENSEX variation (over the previous day’s closing SENSEX) which would trigger market wide circuit breaker for any day in the quarter between 1st April 2007 and 30th June 2007 would be as under:
|
Percentage (+/-)
|
Equivalent Points (+/-)
|
|
10%
|
1300
|
|
15%
|
1950
|
|
20%
|
2600
|
Kalyan S. Bose
Head – Corporate Affairs
March 30, 2007
March 30th, 2007
The Indian stock markets closed the last day of this trading week with a positive note. NIFTY gained about 0.62% and closed at 3821.55. Sensex added 92.44 points in todays trade and closed at 13072.10 (+0.71%).
IT stocks witnessed some weakness but have managed to close the day barely upwards at 0.02% on the CNX IT. Banking stocks showed good volatility and Bank Nifty closed the day up at 0.67%. TCS is down by 1.16% today on the NSE and last traded at 1248.35. Wipro too is another IT stock that saw selling pressure today. Wipro closed the day at 565.90 and is down 1.15%. Its peer Satyam however closed the day in 2% up. Satyam Computers opened at 465.80 this morning on the NSE, touched an intraday high of 472 and intraday low of 456 and finally closed at 461.10.
Both small cap and mid caps indices on BSE closed over 1% up. Metal stocks had a plunge today. Auto, FMCG and Health Care sectoral indices on BSE closed over 1% upwards.
Proctor & Gamble is up Rs. 59.15 today and last traded at 834.90. Chennai Petroleum plunged upwards by 6% today and closed the day at 188.90.
Top gainers on Nifty 50 today are Dabur, Sun Pharma (both +4%), Glaxo, Dr. Reddy (both +3%), M&M, ITC, Tata Steel, HDFC Bank, Gujarat Ambhuja Cement and Satyam Computers (all +2%) managed to close the day in green.
Top losers on Nifty 50 today are BPCL, HCL Tech (both -3%), Jet Airways (-2%), HDFC, TCS, Wipro (all -1%), BHEL, HPCL, Zee Limited and Tata Power (marginally in red) closed the day in red.
March 30th, 2007
The Indian Stock Markets added few more points to their kitty taking NIFTY to 3817.40 (or 0.50%) up. Nifty Junior too is trading at positive with 1.5% up. Sensex is at 13,066.60. Sectoral indices of Auto, Consumer Durables, FMCG, Metal and Health Care are getting good buying interest.
On the IT stocks front, CNX IT is marginally in red. 13 stocks are advancing while 7 are taking the declines route.
Hexaware, IFlex, Patni (all +3%), GTL and Mose Baer (both +2%) are topping the charts. Financial Technologies, HCL Tech (both -3%), Rolta, Wipro and TCS (all -1%) are in the red.
TCS having touched the below 1200 mark during the week is trading firm today. The script opened at 1248.35 on the NSE in the morning, touched an intraday high of 1254.8 and intraday low of 1220.25 and is currently trading at 1233.70.
March 30th, 2007
Markets continue to remain volatile with Nifty currently at 3815.75 and Sensex at 13,061.73. BSE FMCG Index gained about 1.7%. ITC opened the day at 146.75 and is currently trading at 152.25. HLL is trading at 202.75 and is holding to stay above teh 200 mark.
IT and Banking stocks recovered a bit
March 30th, 2007
NIFTY lost few points and is currently at 3804.90 (0.18%). CNX IT dipped into red. The index opened at 5163.55 as against yesterdays closure of 5179.80 and is down by -0.31%. 14 scripts are advancing, 5 declining and 1 remained unchanged
Hexaware (+7%), GTL (+2%), Mphasis, Patni and CMC (all +1%) are trading good while TCS, HCL Tech (both -1%), Subex, Rolta and IGS are trading weak.
March 30th, 2007
Next PostsPrevious Posts