markets · beginner
Upper circuit
An upper circuit is when a stock trades at the upper end of its NSE/BSE price band for the session.
Hitting the upper end of the exchange price band means buys cannot clear above that limit for the session.
Pending buy orders may queue at the circuit price when sellers are scarce.
Band framework and surveillance tightening are covered under circuit limits and price band.
Unfilled demand at the upper circuit can spill into the next session if bands allow.
Part of the Market Pulse Term of the Day series — factual market vocabulary, not investment advice.