NSE, BSE special trading session 2024: The special session is part of the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock exchanges and depositories.
NSE, BSE special trading session 2024: A special stock market live trading session will be conducted by the National Stock Exchange (NSE) and BSE on Saturday, March 2.
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Is the stock market open on 2 March 2024?
Stock exchanges NSE and BSE will remain open on Saturday, March 2, for a special trading session.
Why is the stock market open on Saturday?
It is being conducted to test the preparedness of the exchanges in case of any unexpected disaster in the system. The special session is part of the framework for the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock exchanges and depositories. Hence, the first Saturday of March is not a stock market holiday, according to the exchange.
“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,” according to an NSE circular dated February 14.
The special live trading session will include an intraday switch to the disaster recovery site from the primary official website, according to NSE.
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Why is the session being conducted?
The special session on Saturday, March 2, is being organised following discussions with market regulator SEBI and its technical advisory committee to assess the preparedness of market infrastructure institutions (MIIs) to handle any unforeseen event impacting their operations and restore operations from the DR site within the stipulated recovery time objective in such an event.
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BSE, NSE special trading session timings
There will be two special live trading sessions conducted by the stock market, the timings for which are 9:15 am to 10 am and 11:30 am to 12:30 pm. NSE in its official circular said, “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.”
While the first of the two-part session will commence at 9:15 am, following a 15-minute pre-open session, and go on till 10 am through the primary NSE website, the second will be run for one hour, starting at 11:30 am following another 15-minute pre-open session, from the disaster recovery site.
Securities in the future and options (F&O) segment will have a price band of five per cent, for both upper and lower limits, during the special live trading session, according to NSE.
