Update

Previous Criteria

Revised Criteria

Sliding price band on account of flexing

• In the event of a market trend in either direction, the dynamic price band shall be relaxed at a time in the direction of the price movement during the day in co-ordination with the other Exchange as follows: 
• If the last trade occurs at 9.90 % or more of the base price, the dynamic price band shall be relaxed to 15%. Subsequently, if the last trade occurs at 14.90% or more then the same would be relaxed to 20% and so on by relaxing dynamic price band

• Whenever the price band of a scrip is flexed in the direction of price movement on meeting the objective criteria of flexing the price band on the other side (i.e. lower band in case of upward price movement and higher band in case of downward price movement) would also be flexed concurrently by equivalent amount in the direction of price movement. Thus, ensuring that the price band slides in the direction of price movement instead of expanding.

• Pending orders with LIMIT prices which are not within the new price band would be cancelled by the Exchange.

Trading in Options Segment During Cooling Off in Underlying/Futures Contracts

• LPP related norms as per point (E) in chapter 1.15 Pre-Trade Risk Controls in Exchange circular reference NSE/FAOP/61814)

• A temporary price floor or ceiling on LPP limits of stock options in the sentimental direction of price trend in the underlying, as applicable, would be placed once underlying triggers cooling off.