Indian stock market special live trading session today: Check out timing, purpose, other important details

The Primary Site (PR) will be switched over to the Disaster Recovery (DR) site during the special live trading session today.

Also Read: Is Indian stock market open tomorrow?

“Members are requested to note that exchange shall be conducting a special live trading session with an intra-day switch over from the primary site to Disaster Recovery site on Saturday, March 02, 2024, in the equity and equity derivatives segments,” said the NSE circular.

“Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!” Click here!

Purpose of Disaster Recovery session

Prashanth Tapse, Research Analyst, Senior Vice President of Research at Mehta Equities, explained that such sessions are conducted to test the preparedness of our infrastructure to handle any unforeseen event impacting operations and restore operations from the DR site within no time, which is the main objective in such an event.

India being the fastest growing economy in the world, we should also make sure our infrastructure remains strong enough to support any kind of situation. Such sessions will help the exchange be ready to drive business with zero downtime, said Tapse.

Special Trading Session timing

The special trading session would be divided into two sections, as per an NSE circular. A 45-minute session during the first phase will take place from 9.15 IST to 10:00 IST. There will be another live trading session from 11.30 IST to 12.30 IST.

Price bands for special trading session today

The maximum price band for all securities, including those on which derivative products are offered, shall be 5%. According to NSE, securities that are currently in the 2% or lower price band will remain accessible in those bands.

“This being special testing trading platform there would be few rules applied like 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,” added Tapse.

Also Read: Stock market today: Sensex ends over 1,000 points higher, Nifty 50 settles above 22,300-mark led by metal, bank stocks

Disclaimer: The views and recommendations above are those of individual analysts, experts and broking companies, not of Mint. We advise investors to check with certified experts before making any investment decisions.

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it’s all here, just a click away! Login Now!

Published: 02 Mar 2024, 06:40 AM IST