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markets · intermediate

Listing day circuit

Listing-day circuits are NSE/BSE price bands that can apply when a newly listed IPO stock begins trading.

Under the SEBI and exchange IPO listing framework, NSE and BSE may apply special first-day price bands.

Those bands can differ from the stock’s later surveillance-based dynamic band.

If the stock hits the band, trading continues only within the allowed range for that session.

Subsequent days usually revert to the regular price-band and circuit-limits framework.

Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.