Can anybody please tell me or give me an idea about what is meant by Lower and Upper Circuit?
NSE/BSE have put limits how much a stock can go up or down within a day
Most stocks have 20% circuit limit, which means either they can go 20% up max or 20% down max, which is called Upper Circuit price or Lower Circuit price.
Some stocks have 10% circuit and some 5% and some rare ones have 2%
F&O stocks have NO circuit limit, which means they can go any % up or 100% down also.
If you want to see circuit limit of all stocks go to:
NSE Website -> Product -> Equities -> Current Market Reports -> Securities in Rolling (EQ) and Trade for Trade (BE,BT) -> Complete List
When stock is locked in Upper circuit, you will see ONLY BUYERS and NO SELLERS.
Which means if you put buy order, it will be pending and not execute as no one will sell usually.
For e.g. Gitanjali Gems (right now)
When stock is locked in Lower circuit, you will see ONLY SELLERS and NO BUYERS.
Which means if you put sell order, it will be pending and not execute as no one will buy usually.
For e.g. Vakrangee
Thank you so much. You have explained it very nicely.