Special Live Trading Session On Saturday: Is the Indian Stock Market Open On November 9, 2024?

Indian stock markets are usually closed on Saturday and Sunday as the weekend is the default holiday. However, trading on this Saturday which falls on November 9, 2024, is going to be open on NSE. The stock exchange is carrying a special live trading session as part of its contingency drill or mock trading session.

As per the calendar of the contingency drill on NSE, the mock trading session will take place on November 9, 2024, which is the second last drill of 2024. The last contingency drill of December 2024 will take place on December 7, 2024.

On its website, NSE said, participate in contingency drill session between 10:00 hrs to 15:30 hrs IST. Also, Check live re-login from 18:30 hrs to 19:00 hrs IST.

As per Zerodha, a mock trading session is conducted by the exchange on one Saturday each month. This session allows brokers to test their trading infrastructure, new products/systems, and run contingency drills. Consequently, live ticks appear on Kite on a Saturday.

Further, the brokerage added that holdings or position values are displayed according to the mock-trading prices. This might result in incorrect prices on the Marketwatch and potentially inaccurate positions or holdings values. However, at the end of the session, Friday's closing will be updated.

NSE is continuously endeavouring to provide a robust platform to members so as to enable seamless trading. The Exchange gives utmost importance to periodical testing of trading infrastructure and its recovery & response mechanisms.

Contingency Drills/ Mock Trading sessions are conducted by the Exchange for this purpose from time to time. Large scale participation of members is quintessential for the success of such sessions, as per NSE.NSE's move comes after market regular Sebi's guidelines.

Sebi has directed stock exchanges to organize mock trading sessions on regular basis, at least once in a calendar month, to facilitate testing of new software or existing software that has undergone any change of functionality, in a close-to-real trading environment. Stock exchanges shall suitably design and plan such mock trading sessions to ensure maximum participation and sufficient trading volumes for the purpose of testing.

Stock exchanges shall mandate a minimum time period for such testing in the mock trading sessions, Sebi's rules said. Also, to improve the efficacy of the mock trading sessions, all stock brokers / trading members shall ensure that all user-ids approved for Algo trading, irrespective of the algorithm having undergone change or not, shall participate in the mock trading sessions.