While circuit filters apply to indices, stocks are subjected to price bands. This is an additional measure of safety, individual scrip-wise price bands have been fixed as below:
Daily price bands of 2% (either way) on a set of specified securities
Daily price bands of 5% (either way) on a set of specified securities
Daily price bands of 10% (either way) on a set of specified securities
Price bands of 20% (either way) on all the remaining securities (including debentures, warrants, preference shares etc. which are traded on CM segment of NSE),
No price bands are applicable on scrips on which derivative products are available or scripts included in indices on which derivative products are available. However, in order to prevent members from entering orders at non-genuine prices in such securities, the Exchange has fixed operating range of 20% for such securities.
The price bands for the securities in the Limited Physical Market are the same as those applicable for the securities in the Normal Market. For Auction market the price bands of 20% are applicable.