Why is the circuit limit showing differently on Kite after the stocks circuit limit has already been hit?
Once the circuit limit for a stock in equity is hit, the trading is halted temporarily, and the next circuit limit is updated. Hence the circuit limit is changed and shown differently on Kite after the circuit limit is hit. On NSE, the circuit limits are updated on the same day after the market closes at around 5:00 PM. The circuit limits are updated for BSE the next day at 06:45 AM before the markets open.
Depending on the trigger limits, the trading is halted respectively. The NSE circuit limit can be checked here, and for BSE, the circuit limits can be checked here. To know more about circuit limits, click here.
The circuit limits for a stock can be checked by clicking on the market depth. Explained below :
Equity derivatives don’t have circuit limits. However, there is a dynamic price band of 10%. The exchange has a fixed operating range of 10% on either side to ensure trading is done within the specified range to prevent erroneous order entry. When the price approaches these levels, the limits are relaxed further. You can learn more about this here.
To know what happens when circuit limits are hit, please check out this article.