Trading took place in around 12 scrips, figuring in the S&P Nifty index, market sources said. Dealers said that the relaxation in the circuit filters by four per cent had provided brokers and investors with an exit option the previous day, which explained the relatively low demand for securities and funds.

The trading volume in Reliance was in the region of nine lakh shares, dealers said with the yield at a maximum of 15 per cent. Some of the other scrips which were in demand were Himachal Futuristic and Zee Telefilms among others.

The turnover in the ALBM sessions have dramatically increased in the last month, ever since the market has been falling. While in February, March turnover was in the range of around Rs 10 to 15 crore, in the first week of April the turnover increased to Rs 700-odd crore - that was after the April 4 crash took place and many investors and brokers found themselves trapped in both NSE and BSE with no avenue for exit as most of the scrips were at their lower limits.

In the subsequent weeks, the turnover has ranged between Rs 400 to Rs 550 crore depending on volatilities and whether the brokers could shift their positions from NSE to BSE. NSE officials have all along been maintaining that volumes in the ALBM segment will drop once the markets stabilise or dealers are able to find an exit option from their positions, either by selling out or shifitng their positions to another exchange.