BSE fixes 3,100 points as halt trigger

The Bombay Stock Exchange BSE on Friday said trading would halt for the day if the benchmark Sensex moves up or down 20 per cent or 3,100 points in a single day for the January-March quarter. According to a statement by BSE,market circuit breakers would be triggered at three stages of the index movement either way at 10 per cent,15 per cent and 20 per cent.

It further said that market wide circuit breakers would be triggered by the movement of either Sensex or the NSE Samp;P CNX Nifty whichever is breached earlier. In case of a 10 per cent or 1,550 points movement either way before 1 pm,there would be a one-hour market halt. If it is after 1 pm but before 2.30 pm,the halt is for half an hour. There will be no trading halt,if Sensex or Nifty moves 10 per cent up or down at or after 2.30 pm.