Is Indian Stock Market Open Tomorrow: BSE, NSE To Conduct Special Live Session On Jan 20; Check Details

The Indian stock market will see some trading activity this time on Saturday, which is usually a stock market holiday in India. The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will conduct special live trading session in the equity F&O segment on Saturday (January 20, 2024).

The BSE and NSE intend to switch to the DR site via this special live session. The two benchmark indices BSE and NSE will conduct two special live trading sessions on January 20, 2024.

The first session will commence at 9:15 AM and end at 10:00 AM, while the second session will start at 11:30 AM and will close at 12:30 PM. All futures contracts will have an operating range of 5% in this special live trading session. In this special session, securities will have upper and lower circuit limits of 5%, including stocks that are traded in the F&O segment. Securities that have a 2% upper and lower circuit limits will continue to have a 2% limit.

BSE, NSE Special Live Trading Session Timing:

Session 1: 9:15 AM to 10 AM
Session 2: 11:30 AM to 12:30 PM.

In a circular dated December 28, 2023, NSE said, "This is in reference to SEBI circular SEBI/HO/MRD/DMS1/CIR/P/2019/43 dated March 26, 2019 regarding framework for Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) for stock Exchanges and depositories and Exchange Circular no. NSE/MSD/44692 dated June 18, 2020 regarding unannounced live trading sessions from Disaster Recovery (DR) Site and circular no. NSE/MSD/48662 dated June 18, 2021 regarding important guidelines in case of switchover of trading system to Disaster Recovery (DR) Site."

"Members are requested to note that Exchange shall be conducting special live trading session with intra-day switch over from Primary site to Disaster Recovery site on Saturday, January 20, 2024 in Equity and Equity Derivatives segments," it added.

For further information, investors can refer to the link - https://nsearchives.nseindia.com/content/circulars/MSD59999.pdf

As per the circular, the second special live trading session will take place on the DR site. In this second special live session, the pre-open session will occur from 11:15 AM to 11:30 AM. The normal market will open at 11:30 AM and it will end at 12:30 PM. Call Auction Illiquid session will start at 11:45 AM and end at 12:00 hours. The closing Session will open at 12:40 PM and it will end at 12:50 PM. The trading modification end time is 1:00 PM.

Other Important Points About Live Session On Disaster Recovery Site On Jan 20

• All securities (including those on which derivative products are available) will have a maximum price band of 5%. Securities already in the 2% or lower price band, shall continue to be available in the respective bands.
• Price bands of 5% will be applicable on all closed-ended Mutual Funds.
• All futures contracts shall have daily operating range of 5%.
• No flexing of securities or futures contracts shall be applicable on that day.
• The price band for equity segment and futures contracts which will be applicable at the start of the day at DC shall be applicable at DR too. Any changes in price bands of options contracts due to market factors upto the close time at Primary site would be carried forward to Disaster Recovery site.

Meanwhile, BSE has assured a smooth transition from its primary site (PR) to the Disaster Recovery site (DR) during specified timings, aligning with SEBI discussions on Market Infrastructure Institutions' readiness for handling operational disruptions and meeting Recovery Time Objectives at the DR Site.

What is special trading session?

According to circulars issued by NSE and BSE, the boursesd started switchover of trading systems from PR to Disaster Recovery site location on January 13.

Transition to the Disaster Recovery (DR) site is usally done to ensure business continuity in the event of a sudden disruption like failure on the primary site.

Market Infrastructure Intermediaries (MIIs) need to perform a switchover to their DR site as part of the business continuity plan.