The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are set to host a special live trading session in the equity F&O segment on January 20, 2024. This move is in compliance with the SEBI mandate for Market Infrastructure Intermediaries (MIIs) to conduct a switchover to their Disaster Recovery site as part of their business continuity plan.
Key Details of the Special Live NSE And BSE Trading Session:
1. Objective of the Session:
- The special live trading session aims to facilitate the transition to the Disaster Recovery (DR) site, ensuring seamless business operations.
2. Timing of the Session:
- Two special live trading sessions will take place on January 20, 2024.
- The first session: 9:15 AM to 10:00 AM
- The second session: 11:30 AM to 12:30 PM
3. Operational Limits:
- All futures contracts will have an operating range of 5% during this special session.
- Securities withinside the F&O section could have top and decrease circuit limits of 5%, such as the ones already withinside the 2%nd.
4. Trading Dynamics and Considerations:
- The truncated nature of the session may result in different trading dynamics.
- Volatility is predicted to be limited, and the day by day running variety is limited to 5% for all shares and derivatives.
- Pending orders from the primary consultation might be flushed out earlier than the begin of the second one consultation.
Overview of the Second Special Live Trading Session:
1. Session Details: NSE And BSE
- The second session will occur on the DR site.
- Pre-open session: 11:15 AM to 11:30 AM
- Normal market hours: 11:30 AM to 12:30 PM
- Call Auction Illiquid session: 11:45 AM to 12:00 PM
- Closing Session: 12:40 PM to 12:50 PM
- Trading modification time will conclude at 1:00 PM.
2. Settlement Holiday: NSE And BSE
- January 20 is a settlement holiday.
- Credits in the F&O segment and intraday profits from January 19 will not be available for trading during the session.
- Sale proceeds from BTST sell transactions on January 20 will be settled on January 22, with credits available for trading on January 23.
Investor Perspectives: NSE And BSE
- Anand James, Chief Market Strategist at Geojit Financial Services, advises investors to be aware of the unique trading dynamics on Saturday due to the shortened timeframe.
- Shiju Koothupalakkal, Technical Analyst at Prabhudas Lilladher, highlights the need for quick order placements during the brief session.
Conclusion: Investors are urged to stay informed about the nuances of this special live trading session, considering the distinctive conditions and regulatory requirements. The initiative aligns with efforts to ensure robust business continuity and disaster recovery measures in the financial markets.
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