Announcements

Updates

Existing Criteria

Revised Criteria

Sliding Price Band on Account of Flexing

If the market moves strongly in one direction, the dynamic price band will be adjusted during the day as mentioned below, in coordination with other exchanges, to match the price movement. 

1. If the last trade reaches 9.90% or more of the base price, the dynamic price band will be widened to 15%. If it then reaches 14.90% or more, the band will be further widened to 20%, and this process will continue as needed. 

When the price band of a contract is flexed due to price movement, it will be shifted by an equal amount in that direction. This ensures that the band moves along with the price instead of just expanding. Also, the exchange will cancel any pending limit orders outside the new price band.

Trading in Options Segment During Cooling Off in Underlying/Futures Contracts

Existing LPP-related norms 

When the underlying stock cools off, a temporary price limit for stock options will be set in the direction of the price trend. All other existing LPP rules will remain unchanged.