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Market basics
Also called: Upper circuit limit
An upper circuit is the highest price a stock is allowed to trade at in a session, set by the exchange as a percentage band (commonly 2%, 5%, 10% or 20%) above the previous close. When a stock hits it, there are buyers but no sellers at that price.
A stock closed at ₹200 yesterday and has a 5% price band. Its upper circuit today is ₹210 and its lower circuit ₹190.
An upper circuit is the highest price a stock is allowed to trade at in a session, set by the exchange as a percentage band (commonly 2%, 5%, 10% or 20%) above the previous close. When a stock hits it, there are buyers but no sellers at that price.
A stock closed at ₹200 yesterday and has a 5% price band. Its upper circuit today is ₹210 and its lower circuit ₹190.