Over 500 Stocks Undergo Circuit Limit Revision on BSE

Thursday witnessed the Benchmark indices surging to unprecedented peaks, albeit relinquishing some gains before ultimately concluding positively amidst a volatile trading session, just one day before the Reserve Bank of India (RBI) policy announcement.

Market breadth revealed a favorable trajectory within a confined trading spectrum, with all eyes trained on the imminent monetary policy pronouncement by the RBI. Expectations predominantly favor maintaining the status quo in the repo rate, driven by ongoing concerns regarding inflationary pressures. Concurrently, the broader market exhibits resilience, particularly evident in sectors such as banking, buoyed by anticipations of robust Q4 outcomes, and exports, propelled by robust business conditions as indicated by composite PMI data.

Market participants on D-Street eagerly await the outcome of the RBI policy, poised for potential shifts in economic indicators. However, amidst this anticipation, another significant development demands attention: a notable adjustment in circuit limits for 565 stocks on the BSE.

Over 150 Stocks Experience Upward Revision in Circuit Limits from 10% to 20%

Of these adjustments, over 150 stocks witness an upward revision in their circuit limits, escalating from 10% to 20% as of April 5, 2024. Noteworthy names in this category include Force Motors, Hindustan Motors, MRPL, Sakthi Sugars, Vakrangee, Kings Infra Ventures, Nile, Vikas EcoTech, UCO Bank, IIFL Finance, Punjab & Sind Bank, PMC Fincorp, among others.

14 Stocks See Circuit Limits Raised from 5% to 20%

Further highlighting the market dynamics, 14 stocks undergo a significant alteration, shifting their circuit limits from 5% to 20%. These include WPIL, Mkventures Capital, Shipping Corporation of India, Paramount Communications, Nucleus Software Exports, SKM Egg Products Export (India), Indraprastha Medical Corporation, Nandan Denim, D B Realty, Alliance Integrated Metaliks, Indostar Capital Finance, EMS, Indian Renewable Energy Development Agency, and Saksoft.

Adjustment in Circuit Limits: 9 Stocks Transition from 20% to 10%

In contrast, 9 stocks experience a reduction in circuit limits, moving downwards from 20% to 10%. The entities affected by this adjustment encompass Avi Products India, Sheshadri Industries, Supreme Holdings & Hospitality (India), Ramky Infrastructure, Best Agrolife, Lokesh Machines, Parshva Enterprises, Shiva Global Agro Industries, and GE Power India. This nuanced reshuffling underscores the intricacies of market regulation and investor sentiment.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.