Description

BSE revises circuit filter to 2% for 68 securities effective from the specified date, implementing tighter price movement restrictions.

Summary

BSE has revised the circuit filter percentage to 2% for 68 securities listed on the exchange. This revision implements tighter price band restrictions, limiting the maximum price movement allowed during a trading session. The circular lists all affected securities with their scrip codes, ISIN numbers, and company names.

Key Points

  • Circuit filter revised to 2% for 68 securities
  • Tighter price movement restrictions implemented
  • Affects securities across various sectors including pharma, infrastructure, textiles, and finance
  • Complete list provided with scrip codes and ISIN numbers for reference
  • Likely indicates enhanced surveillance measures for these securities

Regulatory Changes

The exchange has modified the circuit filter mechanism for the listed securities from their previous levels to a uniform 2% band. This change represents a more restrictive trading environment for these specific securities, typically implemented as a surveillance measure to control excessive volatility or unusual price movements.

Compliance Requirements

  • Trading members must ensure their systems recognize the new 2% circuit filter for all affected securities
  • Price orders beyond the 2% band (both upper and lower limits) will be rejected
  • Members should update risk management systems and client communication regarding the revised price bands
  • Market participants must adjust trading strategies to account for the tighter circuit limits

Important Dates

Effective Date: The circular is dated February 04, 2026. The revised circuit filters are applicable from the date specified in the circular (typically effective immediately or from the next trading session).

Impact Assessment

Trading Impact: The 2% circuit filter significantly restricts intraday price volatility for all 68 affected securities. This will limit potential gains/losses within a single trading session and may impact liquidity.

Market Participant Impact: Day traders and short-term traders will face reduced opportunity for intraday profits. Institutional investors and long-term holders are less affected.

Surveillance Context: The application of a 2% circuit filter typically indicates that these securities are under enhanced surveillance due to concerns about price manipulation, unusual volatility, or other regulatory factors.

Liquidity Concerns: Tighter circuit filters may reduce trading volumes as price discovery is constrained, potentially widening bid-ask spreads.

Affected Securities Summary

The circular covers 68 companies across diverse sectors including:

  • Industrial and manufacturing companies
  • Pharmaceutical and healthcare firms
  • Real estate and infrastructure developers
  • Financial services and investment companies
  • Textile and chemical manufacturers
  • Technology and entertainment sectors

Note: The content appears truncated at “Samtel India L” - the full company name for scrip code 500371 (INE538C01017) is likely “Samtel India Limited.”

Impact Justification

Circuit filter tightening to 2% significantly restricts intraday price movement for 68 securities, indicating increased surveillance and volatility concerns. Moderate impact on trading strategies and liquidity for affected stocks.