In order to prevent crash in stock exchanges due to uncontrolled trades and wrong orders, the Securities and Exchange Board of India has barred exchanges from accepting any order exceeding Rs 10 crore.
It has also advised exchanges to ensure that the stock brokers do not breach 90 per cent of the collateral value.
Sebi has also capped the opening price band at 10 per cent of the closing price for stocks on which derivatives products are available, index futures and stock futures.
