BSE and NSE's Special Trading Sessions on January 20, 2024: Get the Scoop!

BSE and NSE's Special Trading Sessions on January 20, 2024
BSE and NSE's Special Trading Sessions on January 20, 2024: Get the Scoop!

by Tanushree Jaiswal Last Updated: Jan 19, 2024 - 04:02 pm 2.2k Views
Listen icon

National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are gearing up for a special live trading session in the equity F&O segment on 20 January 2024. This move is part of their strategy to switch to the Disaster Recovery (DR) site, ensuring business continuity in case of unexpected disruptions.

Date and Time of Special Live Trading Sessions

Two special live trading sessions are scheduled for 20 January 2024. The first session will take place from 9:15 AM to 10:00 AM, followed by the second session from 11:30 AM to 12:30 PM. All futures contracts during these sessions will have an operating range of 5% including F&O stocks, stocks with a 2% upper and lower circuit limit will stick to that limit during the special live trading sessions.

Second special live trading session will be conducted on the DR site. It will kick off with a pre-open session from 11:15 AM to 11:30 AM. Normal market will open at 11:30 AM and close at 12:30 PM. Additionally, a Call Auction Illiquid session is scheduled from 11:45 AM to 12:00 PM, followed by the closing session from 12:40 PM to 12:50 PM, trading modification time will conclude at 1:00 PM.

Remember 20 January 2024, is a settlement holiday meaning that any credits in the F&O segment and profits from intraday trading on 19 January won't be accessible for trading during the special live sessions. If you've made BTST sell transactions on 19 January the sale proceeds will be settled on Monday, 22 January. You'll then have access to these credits for trading starting on Tuesday, 23 January.

What is a Disaster Recovery Site?

A Disaster Recovery Site comes into play during emergencies, such as a security breach, where normal market operations may be temporarily shifted to ensure business continues smoothly. Securities and Exchange Board of India (SEBI) prescribed a framework for business continuity plans and disaster recovery sites for stock exchanges, depositories, and clearing corporations in a circular dated 22 March 2021.

To keep up with technological advancements and streamline processes, SEBI recognized the need to reassess the existing framework. The aim was to shorten the specified time required to transition from the primary data center to the Disaster Recovery Site (DRS).

Final Words

Special live trading sessions aim to facilitate a seamless switch to the DR site while providing investors with clear information about the schedule and impact on trading activities.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Tanushree is a seasoned professional with 6 years of experience in the Fintech and Edtech industry.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
TCS Impresses with Record Wins: Analysts Bullish on Double-Digit Growth

Despite all of the positives from the March quarter, TCS' management looked to be holding back on calling for a growth recovery, according to UBS. Given the unclear macroeconomic, the brokerage appears to be concerned about the danger of transaction deferments and slippages.

Sensex, Nifty down 1% on Iran-Israel tensions; consolidation to continue

Title: Sensex, Nifty slip 1% over Iran-Israel conflict worries; consolidation to continue Sensex, Nifty slip 1% over Iran-Israel conflict worries; consolidation to continue

Senco Gold Share Price surges nearly 10% on strong Q4 performance, nearing 52-week high

Senco Gold's stock increased more than 4% on April 15 after the firm announced 28% revenue growth for FY24 and 39% year-on-year growth for the March 2024 quarter in its business update.