The Bombay Stock Exchange (BSE) today said the existing policy of application of circuit breaker would continue and first level of the circuit breaker at 10 per cent will be triggered at 975 points for the Sensex.
"The existing policy (with regard to circuit breaker) will continue to govern trading on the exchanges," a BSE release said here.
The first level of circuit breaker at 10 per cent will be triggered at 975 points for Sensex and 300 points for Nifty, it said.
The second circuit breaker at 15 per cent and the third circuit breaker at 20 per cent will be triggered at 1,450 points and 1950 points for the Sensex respectively and 450 points and 600 points for the Nifty, the release added.
The BSE's assertion came on a day when the stock markets broke all records and rallied by an unprecedented 2,111 points in just a minute of trading, forcing authorities to suspend business for the day.
Trading was first halted at 0955 hrs for two hours and subsequently for the day within 30 seconds of commencement each time because of buying frenzy.
Circuit breaker is a mechanism wherein trading is halted for one hour if the benchmark indices rise or fall by 10 per cent of closing level of the last quarter. A movement of 20 per cent halts the trading for the entire day.
