Trading halted on 22-jan-08

Trading halted as market wide circuit filters applied

A sharp setback in Asian markets and margin calls send share prices tumbling in opening trade today.

Market wide circuit filters were applied after the intra-day 10% fall occurred in key benchmark indices in minutes of commencement of trade.

When trading was halted, Sensex was down 1716.41 points or 9.75% at 15,888.94. the S&P CNX Nifty was down 12.1% at 4578.35.

Turnover on BSE was just Rs 11 crore. Turnover on NSE’s futures & options segment totaled Rs 748 crore.

Stocks tumbled across Asia on Tuesday, and US stock index futures sank, as panic gripped markets that a US recession could derail global economic growth, sending investors fleeing to safe-haven government bonds.

Trading resumed at about 10:55 IST after a one hour halt.