Nifty hits lower circuit amid global sell-off; trading halted for 45 mins

Circuit Breaker is the mechanism which is triggered when the price fluctuation moves beyond a threshold value stipulated by the stock exchange.

Stock market hit circuit breaker on Friday as markets continued to witness panic selling amid fears pandemic Coronavirus will derail economic growth. Trading was halted in the early trade as the benchmark index Nifty hit the 10 per cent lower circuit. Trading will be halted for 45 minutes, and will resume at 10:05 am for pre-open. 

World Health Organisation (WHO) on Thursday declared Coronavirus (Covid-19) pandemic, denting the investor sentiment further. 

On the global front, Asia’s stock markets crashed on Friday as panic gripping world financial markets deepened, and even haven assets such as gold and bonds were ditched to