SEBI on May 24, 2024 has provided for enhancement of dynamic price bands for scrips in the derivatives segment. Exchanges shall ensure that when conditions for flexing the price bands are satisfied on either underlying in cash market or current month futures contracts on any exchange, the price band would be flexed for the scrip and all the futures contracts on this scrip across all exchanges at the end of subsequent cooling off period.
To take care of issues related to sudden price movement / fat finger error etc, the conditions precedents, are enhanced to 50 trades, 10 unique UCCs and 3 trading members on each side.
