NSE revises daily circuit limit for 131 stocks, new circuit limit applicable from December 07!
Total nine stocks have seen their circuit limit being revised downwards, out of which six stocks have seen their circuit limit being revised downward from 10 per cent to 5 per cent
On Tuesday, the Nifty opened 100 points lower at 18,601, however, after opening lower, Nifty traded mostly in a capped range but buying interest was seen in the last leg of trade and Nifty recovered nearly 80 points from the day’s low. Despite recovering from the lower levels, the Nifty ended down by 58 points at 18,642 as information technology, metal, pharma and auto stocks pulled the market down.
On the daily chart, the Nifty formed a bullish candle as the closing was higher than the opening level. Market participants at home await the outcome of RBI policy tomorrow, which is expected to slow the place of rate hikes, in light of easing food prices. Apart from this, nearly 131 stocks would see their circuit being revised. So, Wednesday might turn out to be an interesting day for the market participants.
Interestingly, the step has been taken for a total list of 131 stocks, of which, the circuit limit of 122 stocks have been revised higher, while the 9 stocks circuit limit has been revised downward.
However, 65 stocks have seen their circuit limit being revised from existing 10 per cent to 20 per cent including Bank of India, Rajratan Global Wire, Mangalore Chemicals & Fertilizers, Delhivery, The Byke Hospitality, Kohinoor Foods, Best Agrolife, Burnpur Cement, Sakthi Sugars, UCO Bank and NELCO. Meanwhile, three stocks have seen their circuit limit being revised from 5 per cent to 20 per cent. This includes B.L. Kashyap Sons, Xpro India and Sterling Tools.
Also, 54 stocks have seen their circuit limit being revised from existing 5 per cent to 10 per cent including Prasvnath Developers, Rama Steel Tubes, Aspinwall and Company, Shah Alloys and Shivam Autotech.
Total nine stocks have seen their circuit limit being revised downwards, out of which six stocks have seen their circuit limit being revised downward from 10 per cent to 5 per cent which includes Sadbhav Infrastructure, Rachana Infrastructure, Arvee Laborites, Timescan Logistics (India), Tapi Fruit Processing and Shubhlaxmi Jewel Art.