Special Trading Live Session: Stock Market Open Today; How To Buy And Sell On BSE NSE?

Indian stock market is open for trading under its special live session on Saturday. However, it needs to be noted that this will not be a regular trading session instead, operations are to be carried out on the Disaster Recovery (DR) Site instead of the primary site. Trading on BSE and NSE will be allowed in two sessions on March 2nd.

In its latest circular, NSE stated that members' attention is drawn to Exchange circular reference number NSE/MSD/60677 dated February 14, 2024, regarding Special Live trading session on Saturday, March 02, 2024, with intra-day switch over to the DR site and circular reference number NSE/MSD/60929 dated February 29, 2024, regarding the timings of ENIT and member portal.

It added members are requested to note that the Exchange is conducting a special live trading session with the intraday switch over from the Primary site to the Disaster Recovery site on Saturday, March 02, 2024, in the Equity and Equity Derivatives segments. The same is applicable for futures and options.

NSE further said this is being conducted based on specific discussions with SEBI and their Technical Advisory Committee. Accordingly, all members are requested to participate in the live trading session.

Here are the important instructions for investors trading on Saturday, March 2, 2024:

1. Given the intra-day switch to the DR site, Members are requested to note that CIM, N-MASS, NCMS and NCIS applications shall not be available for any live operations or updates between 10:00 hrs on March 02, 2024, to 11:15 hrs on March 02, 2024.

2. Any request/ data uploaded by the Members during the period between 10:00 hrs on March 02, 2024, to 11:15 hrs on March 02, 2024, shall be deleted at the end of the session. Members/Custodians are requested to note that such requests/data would not be considered / available towards live operations or updates.

3. Members/Custodians accessing these applications through different modes of connectivity (e.g., internet or leased line) are not required to make any changes in configuration settings/ connection parameters to connect to C2N applications from the Disaster Recovery Site.

4. Members/Custodians may note that a separate operational circular will be issued for the settlement number for the aforesaid special live session and subsequent multiple settlements.

Also, leading brokerage Zerodha announced that this is the first time that the Stock exchanges are switching trading sites from their primary sites to the disaster recovery (DR) site during a live trading session.

Zerodha's circular added, "We have been informed by the Stock exchange through a circular (point 6), that there is a possibility of executed trades getting cancelled, during the transition phase of switching from the primary to the DR site. Should such a situation occur, your closed positions during the first session will be reopened after which you will need to exit the position again in the second session."

On Friday, the Indian stock market surged to fresh all-time heights, with the Nifty ending above 22,300 fuelled by Q3 GDP data. The Sensex, buoyed by strong gains in Reliance, ICICI, and HDFC Bank, soared 1,245 points to close at 73,745, while the Nifty climbed 356 points to settle at 22,339.

Prashanth Tapse, Senior VP (Research), Mehta Equities said, "The strong resilience in India's Q3 GDP growth numbers propelled Sensex & Nifty to fresh record highs amid a rally in index heavyweights such as Reliance Industries, Tata Steel and banking stocks. Despite the sharp rally, volatility cannot be ruled out due to ongoing concerns like delay in rate cuts, conflicts in the Middle East and expensive valuations of local stocks."

Tapse added, "The upsurge shows that investors are willing to place bullish bets on Indian stocks amid continuity in economic policies and robust investment climate. From a technical perspective, if the latest bullish trading action is any indication, then Nifty's next goal post is seen at its psychological 22500 mark followed by aggressive targets placed at the 23000 mark, while the make-or-break support is at 21861 mark."