BSE resets circuit limit of Max India, 6 others

To curb excessive volatility, top stock exchange BSE on Wednesday tweaked the circuit limit for share movement of Max India and six other companies. The new limits, effective tomorrow, will ensure stock prices do not go up or down beyond a level during a session. Circuit filter mechanism is used by stock exchanges to keep excessive volatility in check. It is the maximum fluctuation that is allowed during trading, which gets suspended if the permissible limit is hit in either direction. In a circular, the exchange said it has set a circuit limit of 20% for Max India.