Description
BSE updates circuit filter percentages to 2% for numerous securities across various market segments.
Summary
BSE has revised price bands by setting circuit filter percentages to 2% for multiple securities. This circular updates the trading limits for approximately 85+ securities across various market segments, standardizing their price movement restrictions.
Key Points
- Circuit filter percentage set to 2% for all listed securities
- Affects securities across multiple sectors and market capitalizations
- Includes companies from various industries including technology, pharmaceuticals, textiles, and infrastructure
- Each security identified by scrip code and ISIN number for precise implementation
Regulatory Changes
- Standardization of price band limits to 2% for the affected securities
- Updated circuit filter mechanism to control excessive price volatility
- Uniform application across diverse market segments
Compliance Requirements
- Trading systems must implement the revised 2% circuit filter for all listed securities
- Market participants must adhere to the new price movement limits
- Surveillance systems to monitor compliance with updated price bands
Important Dates
- Circular issued: August 6, 2025
- Implementation: Effective immediately for trading sessions
Impact Assessment
- Enhanced market stability through controlled price movements
- Reduced volatility risk for retail and institutional investors
- Improved market surveillance and risk management
- Potential impact on liquidity for securities with historically higher volatility
- Standardized risk parameters across affected securities
Impact Justification
Affects trading parameters for numerous securities which could impact market liquidity and volatility control