BSE, NSE To Hold 2 Special Live Trading Sessions On Saturday; Details Inside
Last Updated: March 01, 2024, 12:52 IST
The NSE and BSE will hold a special live trading session for the stock market.
All future contracts are subject to fluctuations during the special live trading session, with an operating range of 5%
The Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) are set to hold two special live trading sessions on Saturday, March 2. The first session will commence at 9:15 am and close at 10 am while the second session will start at 11:30 am and conclude at 12:30 pm. Both these sessions are being conducted to assess the stock market’s disaster preparedness in the event of an emergency.
“Members are requested to note that Exchange shall be conducting a special live trading session with intra-day switch over from Primary site to Disaster Recovery site on Saturday, March 02, 2024, in Equity and Equity Derivatives segments,” NSE said in its official notice as quoted by Hindustan Times.
The special trading session will involve an intra-day switch from the official NSE and BSE websites to the stock market’s disaster recovery site. As a result, the session has been divided into two sections to accommodate the switch.
The first part of the special trading session will begin at 9:15 am and conclude at 10 am on the primary NSE website. Meanwhile, the second part of the live trading session will take place at the stock market exchange’s recovery site.
Normally, Saturday is a stock market holiday, but to facilitate a seamless switch to a business continuity plan in the event of a disaster, the NSE and BSE announced in February this year that there will be live trading on March 2. This will guarantee that, in the event of an emergency, trading will continue uninterrupted.
All future contracts are subject to fluctuations during the special live trading session, with an operating range of five percent. Additionally, there will be a five per cent price band for both upper and lower limits for securities in the Future and Options (F&O) segment.
This live trading session is being held per the guidelines established by the Securities and Exchange Board of India (SEBI) as part of the framework for a Disaster Recovery Site (DRS) as well as a Business Continuity Plan (BCP) for stock exchanges and deposits. This means that there will be no stock market holiday on the first Saturday in March 2024.
The exchanges (BSE and NSE) are now conducting special trading on Saturday to ensure a smooth transition to a business continuity plan at disaster recovery sites in the event of an unexpected disaster, as requested by market regulator SEBI. Its goal is to ensure that trading activities continue without interruption and that all data is secure.
