Special live trading session on Saturday, March 2nd, 2024
According to NSE, trading will take place in the equities and equity derivatives divisions.
Indian stock exchanges will conduct a special live trading session on Saturday, March 2nd, 2024, to test their Disaster Recovery (DR) site. This session will simulate a real trading environment and help ensure business continuity in case of unforeseen disruptions.
The special session was scheduled on January 20, however owing to the Ram Temple consecration event in Ayodhya, a full trading session was held on January 20, and January 22 was designated as an equities market holiday.
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There will be two stages to the session. Beginning at 9:15 am, there will be a 45-minute session for the first part. Starting at 11:30 am, the second special live trading session will end at 12:30 pm.
For the first session, Pre-Open will open at 9 a.m. and end at 9:08 a.m. For the second session, Pre-Open open time is 11:15 am, and Pre-Open closure time is 11:23 am.
Trading hours - Capital Market (CM) Segment:
Live trading from Primary Site:
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Saturday, March 02, 2024
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Time
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Trading Session - 1
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Morning Block Deal Window Session - 1 open time
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08:45 hrs.
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Morning Block Deal Window Session - 1 close time
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09:00 hrs
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Pre – Open: open time
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09:00 hrs
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Pre – Open: close time
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09 : 08 hrs
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Normal Market open time
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09:15 hrs
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Call Auction Illiquid session 1 open time
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09:30 hrs
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Call Auction Illiquid session 1 close time
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09:45 hrs
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Normal Market close time
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10:00 hrs
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Live trading from DR Site:
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Saturday, March 02, 2024
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Time
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Trading session - 2
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Pre – Open: open time
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11:15 hrs
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Pre – Open: close time
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11:23 hrs
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Normal Market open time
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11:30 hrs
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Call Auction Illiquid session 2 open time
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11:45 hrs
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Call Auction Illiquid session 2 close time
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12:00 hrs
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Normal Market close time
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12:30 hrs
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Closing Session open time
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12:40 hrs
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Closing Session close time
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12:50 hrs
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Trade Modification end time
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13:00 hrs
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Trading hours - Futures & Options (F&O) Segment:
Live trading from Primary Site:
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Saturday, March 02, 2024
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Time
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Trading Session - 1
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Normal Market open time
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09:15 hrs
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Normal Market close time
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10:00 hrs
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Live trading from DR Site:
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Saturday, March 02, 2024
|
Time
|
|
Trading Session - 2
|
|
Normal Market open time
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11:30 hrs.
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Normal Market close time
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12:30 hrs.
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Trade modification end time
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12:40 hrs
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Important changes for the special session
Price bands: All securities and futures contracts will have a maximum price band of 5% (except those already in a lower band). This means stocks can move up or down by a maximum of 5% during the session.
Daily operating range: All futures contracts will have a daily operating range of 5%.
No flexing: The usual mechanism for adjusting price bands during the day will not be applicable.
Mutual funds: Price bands of 5% will be applicable to all close-ended mutual funds.
Changeover between sites: Price bands at the start of the day at the primary site will be carried forward to the DR site. Additionally, any changes in price bands of options contracts due to market movements during the primary session will be reflected at the DR site.
Note: These changes are only applicable for the special session on March 2nd. Normal trading rules will resume from the next trading day.
Due to March 2 being a settlement holiday, purchases placed on March 1 in the equities market will be finalised on Monday, March 4. To make sure that the testing doesn't affect the usual settlement cycle, funds from F&O trades made on March 1st cannot be used during the special DR sessions.
This special session is an important step to ensure the smooth functioning of the stock exchanges even in unforeseen circumstances. Investors are advised to be aware of the changes in price bands and other trading rules for the special session.
Disclaimer: The article is for informational purposes only and not investment advice.