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BSE to end stop loss orders across various market segments from Oct 9 to prevent erroneous order placement and protect investors
Traders will lose the ability to use stop loss orders, a valuable tool for limiting losses by automating sale at a predetermined price
Decision made after a significant price swing in a Sensex call option due to a stop loss market order without proper price protection
BSE had earlier issued a caution to trading members, advising them to exercise caution while placing orders and use protective features
Stop loss orders enable automatic selling of securities if prices drop to a specified level, providing investors a crucial risk management tool
Stop loss is crucial for investors to mitigate potential losses by selling their holdings if values are expected to fall below a set threshold