875 stocks freeze at lower circuit on the BSE

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Of the 3,844 shares staying traded on the BSE, as quite a few as 875 or 22 per cent ended up locked in the reduce circuit stages in Monday’s intra-working day trade and there were no customers on these counters, trade information confirmed.

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A sharp sell-off in small-sized companies witnessed one particular out of every single 5 traded shares locked at the reduce circuit on the trade.&#13
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Of these 875, as several as 79 for every cent or 694 stocks are from the BSE XT (333), X (166), T (141) and Z (54) group. The fairness securities of organizations that are only mentioned/traded at BSE and satisfy selected parameters are categorised into different sub-segments named “X”, and “XT”.

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At the time of evaluate, any securities falling in trade-for-trade section (‘DT’ or ‘T’ groups) are labeled below “XT” sub-section, in accordance to the BSE. Even though, shares clubbed in the ‘Z’ class are those people which fall short to comply with the exchange’s listing prerequisites or may well have failed to redress trader problems.

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At 01:20 pm, the S&P BSE Smallcap tanked 4.3 for every cent or 1,299 details to 28,668, although S&P BSE Midcap indices slipped 3.5 or 879 points at 24,073 on the BSE. In comparison, the S&P BSE Sensex down 2.3 per cent or 1,367 factors at 57,669 on weak world cues amid increasing problems about inflationary pressures, surging coronavirus conditions and prospective buyers of desire charge hikes.

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Total 77 shares from the S&P BSE Allcap index were being locked in the reduced circuit. The record involves Adani Inexperienced Electricity, Nahar Spinning Mills, JBM Automobile, Kopran, Tanla Platforms, Deepak Fertilisers, Tejas Networks and GMDC. Most of these stocks had seen a sharp run-up in the previous one particular and a 50 % months.

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A total of 19 stocks—Gokaldas Exports, India Nippon Electricals, Coffee Working day Enterprises and Latent Look at Analytics–have been locked in the 10 per cent higher circuit on the BSE. The remaining stocks were frozen at the 10 per cent lower circuit, details confirmed.

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