World Markets are bleeding due to Coronavirus Scare and Crude Crashing 30% overnight. Nifty is already down 500 points and now fall can accentuate further as world markets keep on bleeding.
We have hit 1 20% and 1 10% circuit after Lok Sabha Election were declared on 16 May 2009.
Lets be prepared with the circuit limit of the market as per NSE
The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered bring about a coordinated trading halt in all equity and equity derivative markets nationwide.
The market shall re-open, after index based market-wide circuit filter breach, with a pre-open call auction session. The extent of duration of the market halt and pre-open session is as given below:
Nifty Circuit Levels
Bank Nifty Circuit Levels