Hyderabad: Indian Stock market witnessed a halt in trading for the first time in more than 12 years on Friday morning after benchmarks hit circuit breakers.
- Before trading was halted, nearly Rs 13 lakh worth investor wealth evaporated in less than 15 minutes of market open
- Last time, the circuit freeze and halt to trading was on January 22, 2008, when the Sensex had its biggest till date loss of 1,408 points.This was also the first-ever four-digit crash in the Sensex
- There was also a brief trading halt on the National Stock Exchange on October 5, 2012, due to a freak trade
- The BSE and the NSE compute the index circuit breaker limits for 10 per cent, 15 per cent and 20 per cent levels on a daily basis based on the previous day's closing level of the index rounded off to the nearest tick size
- Interglobe Aviation Ltd saw a loss of 0.51 per cent or 5.15 points to close at 1,013.25. Its intraday low was 865.65. Similarly SpiceJet Limited ended 9.98 per cent or 4.85 points low at 43.75. Both were trading at 52 weeks low
- The Securities and Exchange Board of India (SEBI) said that the Indian stock market fall was significantly lower as compared to its global peers
- After a 45-minute halt market saw the third biggest intra-day recovery with a 16.36 per cent increase from the day's low
- Sensex: intraday high-33,917.47, intraday low- 29,388.97
- Nifty: intraday high- 10,159.40, intraday low- 8555.15