Special trading session: NSE to conduct special trading session on Saturday, March 2; check out timings, schedule, other important details

Special trading session: Stock exchange NSE will remain open on Saturday, March 2, for a special trading session to test the preparedness 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, and, hence, the first Saturday of March will not be 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.

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.

NSE special session timings

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.

The testing of the disaster recovery switchover was originally scheduled to take place on Saturday, January 20, the day a full trading session was held instead following to accommodate a holiday on January 22 announced later by the government.

Stock exchanges NSE and BSE remained shut for the inauguration of the Ram Temple in Ayodhya, Uttar Pradesh, on Monday, January 22.

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