NSE revises circuit limit of two stocks, one of them hit a fresh 52-week high today; do you own it?
The stock was among the top gainers list on Wednesday as the stock jumped more than 14.5 per cent
The Nifty extended its southward journey for the sixth day in a row on Wednesday to hit a two-month low, and close below the important psychological mark of 17,000 with nearly a loss of 0.90 per cent.
Volatility was the talking point of the day as the volatility index remained elevated ahead of the monthly expiry as well as the RBI monetary policy later in the later part of the current week. India VIX was up by 2.44 per cent to 22.10 levels, considering the India VIX is above 22 mark, it will create discomfort to the market participants.
On the daily chart, Nifty has formed a candle which resembles to gravestone doji pattern as the closing was near its opening level and near to the day’s low. Nifty PSU Bank, Nifty Metal, Nifty Energy and Nifty Bank weighed down the market, while Nifty Pharma and Nifty IT ended the day in green with gains of 0.85 and 0.24 per cent, respectively.
Now, here comes an important announcement. The circuit limit of two stocks has been revised on Wednesday i.e., September 28, 2022. If you are holding the below mentioned stocks, take note of this.
On National Stock Exchange (NSE) has revised the circuit limit of two stocks. Out of two stocks, one stock has seen circuit limit being narrowed while for the other one, circuit filter got widened.
Liberty Shoes Limited: The stock circuit limit has been revised lower to 10 per cent from earlier 20 per cent. The stock was among the Top Gainers list on Wednesday as the stock jumped more than 14.5 per cent and it also, logged a fresh 52-week high on Wednesday i.e., September 28, 2022. The revised circuit limit would be effective from September 29, 2022.
Tamilnad Mercantile Bank Limited: The stock circuit limit has been widened from 5 per cent to a whopping 20 per cent effective from September 29, 2022. The stock ended with a loss of nearly 1 per cent on Wednesday.