NSE sets upper and lower circuits for stocks in order to curb excess volatility and to protect investors against the same. For example, if the upper circuit for a stock is set at 20% and the stock’s price rises by 20% in a day, then the upper circuit will be activated and the stock will no longer have sellers (but have only buyers). In such cases, the intraday trade is converted into delivery for those who earlier shorted the stock.
For some stocks, the circuit filter is 5%, for some it is 10%, and for some it can be 15% – it also keeps changing from time to time. If a stock hits the upper or lower circuit, trading gets halted for a few minutes – the total duration of the halt being dependent on the time of the day when the circuit was hit.
The following stocks have hit upper circuit i.e. due to excess volatility, they have only buyers and no sellers:
|Name of the Company||LTP||% Change|
|Rama Steel Tube||₹156.35||4.97|
|United Polyfab Gujarat||₹69.65||4.97|
Now that you know which stocks saw a robust gain and hit the upper circuit today, check out the stocks which hit the lower circuit today (and could perhaps see market correction tomorrow). If you want to invest in any of these stocks, try opening a demat account with a trusted broker in a matter of minutes.
Disclaimer: This blog is written for educational purposes only. Any securities quoted are merely examples and not recommendations.