MUMBAI India's election results on Friday could usher in the most profound economic change in a generation if opposition leader Narendra Modi wins a clear mandate for his agenda to revive growth and create jobs.
The BSE Sensex and Nifty hit record highs on Tuesday in anticipation the BJP and its allies would win a majority, raising the prospect of a steep sell-off should they fall short.
Below are the circuit breaker rules for Indian stock exchanges that were implemented in October 2013. All percentage changes for declines in the benchmark index are calculated from the previous session's close.
* Trigger: 20 Percent
Markets close for rest of the trading session.
* Trigger: 15 Percent
Time Halt duration
Before 1 PM 75 Minutes
Between 1-2 PM 45 Minutes
On or after 2 PM Markets close for the day
* Trigger: 10 Percent
Time Halt duration
Before 1 PM 15 Minutes
1 PM - 2.30 PM 15 Minutes
At or After 2:30 PM No Halt
(Compiled by Himank Sharma and Abhishek Vishnoi; Editing by Richard Borsuk)
Asia stocks wary, dollar slips before Fed Chair Yellen's speech
SINGAPORE/TOKYO Asian stocks were largely steady on Friday, with modest losses in some markets and gains in others reflecting nervousness before a keenly anticipated speech by U.S. Federal Reserve Chair Janet Yellen.
Australia warns shipbuilder DCNS after massive security leak
SYDNEY Australian defence officials warned French naval contractor DCNS to beef up security in Australia, where it is preparing to build a A$50 billion ($38.13 billion) fleet of submarines, in the wake of a massive data leak, a government spokesman said on Friday.
Gold steady above 4-week lows as dollar slips ahead of Yellen speech
Gold held steady on Friday above 4-week lows hit in the previous session, as the dollar slipped ahead of a speech by Federal Reserve Chair Janet Yellen that would be closely watched for cues on U.S. interest rates.