Nifty Hits 10% Lower Circuit; Trading Stopped For 1 Hour

nifty

It is another weak opening for the Indian indices on March 13 as Nifty opened at 3 years low, breaking 9000 for the1st time since March 2017.

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At 09:18 hrs IST, the Sensex is down 2,485.19 points or 7.58% at 30292.95, and the Nifty down 756.60 points or 7.89% at 8833.55.  About 80 shares have advanced, 1121 shares declined, and 35 shares are unchanged.

Indian market hit a lower circuit in the first 15 minutes of trade. The trading is now stopped for around 1 hour. Massive selling was seen in benchmark indices, pushing both Sensex and Nifty below their crucial support levels.

Exchanges compute the index circuit breaker limits for 10%, 15% and 20% levels on a daily basis based on the previous day’s closing level of the index rounded off to the nearest tick size.

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The Indian rupee fell in the opening trade on Friday. It opened lower by 17 paise at 74.40 per dollar against previous close 74.23. Sectorally, the fall was seen in IT, metal, public sector, oil & gas, and Auto indices.

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