This is not the electronic crap we used to try in our engineering labs and it never worked,,,, because we were too busy popping our heads outside the window while some nerd tried to create a circuit........
In the news after the election when the stock market went berserk , too happy that a Sardar is gonna lead the nation and went ahead buying shares like Sardars.
Circuit breaker as I learnt that day.. is used to avoid abnormal fluctuations in the stock market... used when the prices of stocks go higher than expected or fall to a critical level.
Within some time of opening trading after election results.. the market crossed the 10% rise threshold , people buyed like crazy and the regualtors had to stop trading then and there...... and remained suspended for the rest of the day.
A Sardar had that impact on the nation..... and we crack jokes about them...
The regulator , by the way was SEBI. This I knew.
One thing to note is tat there are bands... upper price band lower price band.... when trading is suspended... share trading goes on but its price does not move beyond the higher or lower price band .
Economics was my favourite subject in my MBA course.. but still there is so much to it... its a huge.. massive subject.. nd is hard to remember stuff if you are really not working in that field...
Bhavin.
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