*NATIONAL STOCK EXCHANGE OF INDIA LIMITED* *CAPITAL MARKET OPERATIONS*
*CIRCULAR* Circular No.: NSE/CMO/015/2009 Download No. NSE/CMTR/* *12209 Date: March 31, 2009 Dear Members, Sub*: Index based market wide circuit breaker for the quarter April 01, 2009 to June 30, 2009* * * SEBI vide its circular no. SMDRPD/Policy/Cir-37/2001 dated June 28, 2001 has informed the Exchange to implement index based market wide circuit breaker in compulsory rolling settlement with effect from July 02, 2001. The index based market wide circuit breaker system is applicable at three stages of the index movement either way at 10%, 15% and 20%. In this regard, Exchange has issued circular no. NSE/CMO/0015/2001 (Download No. NSE/CMTR/2657) dated June 29, 2001. Accordingly 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 10 points in case of NIFTY). At the end of each quarter, these absolute points of index variations are revised and made applicable for the next quarter. On March 31, 2009, the last trading day of the quarter, NIFTY closed at 3020.95* *points. The absolute points of NIFTY variation (over the previous day’s closing NIFTY) which would trigger market wide circuit breaker for any day in the quarter between April 01, 2009 to June 30, 2009 would be as under:- * * *Percentage (+/-)* *Equivalent Point (+/-)* *10%* *300.00* *15%* *450.00* *20%* *600.00* * * For any clarifications, members are advised to contact the following officials: Mr. Khushal Shah / Mr. Sunil Gawde / Mr. Amit Kursija / Mr Hasnain Khatri / Ms. Snehal Date at 26598153 / 26598156 / 26598157 *For National Stock Exchange of India Ltd.*** *Suprabhat** Lala* *Asst. Vice President (Capital Market)* ** *http://www.investmentMap.com* <http://www.investmentmap.com/>* | ** www.IndiaPages.in* <http://www.indiapages.in/> * * *For Intra-day Traders - **StratStar.com* <http://www.stratstar.com/> - Intra-day Support and Resistance Levels for BSE and NSE India listed shares. Updated Daily --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
