BSE revises circuit lmit for 18 stocks

The Bombay Stock Exchange (BSE) has revised circuit filter, which is the maximum permissible limit upto which any particular scrip can move either on upper or lower side, for 18 stocks from Tuesday. The move is part of surveillance measures taken from time to time to check any abnormal movements (rise or fall) in shares. The list included Avantel Softech, CHI In-vestments, Birla Ericsson Optical, DCM Financial Services, Asahi Infrastruc-ture and Projects, JBF Industries, Lumax Industries, JMC Projects, Jenson & Nicholson, Rishi Laser, Nila Infrastructures, Nandan Exim, Lumax Auto Technologies, Jhagadia Copper, Suryalata Spinning Mills, Veejay Lakshmi Engineering Works, Lumax Automotive Systems and Niraj Cement Struc-turals. The circuit filter for the first 13 scrips has been revised to 10%, which is lower than the 20% applicable earlier in most of the cases. The remaining five will now attract 5% circuit filter, compared to 10% earlier. In another sur-veillance move, the BSE is shifting 66 scrips to trade to trade (T) segment from January 12. Any transaction in these stocks would result in compulsory delivery as no netting off positions would not be allowed, said the exchange.