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Market will be open for trading on Saturday, May 18
KV Prasad Jun 13, 2022, 06:35 AM IST (Published)
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Summary
The special session would be divided into two parts – the first session would begin at 9:15 am and run till 10 am. Trading in this session would be done from the primary site. In the second session from the disaster recovery site, trading would be held for one hour from 11:45 am to 1 pm
The National Stock Exchange (NSE) has said that it will conduct a special live trading session on Saturday, May 18, 2024, to test its preparedness for handling unexpected disasters.
The special trading session would involve intra-day switchover from the primary site to the disaster recovery site, NSE said in a statement.
The special session would be divided into two parts — the first session would begin at 9:15 am and run till 10 am. Trading in this session would be done from the primary site.
In the second session from the disaster recovery site, trading would be held for one hour from 11:45 am to 1 pm.
“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 NSE.
All securities, including those with derivative products, will have a maximum price band of 5%.
Securities already in 2% or lower price band, will continue to be available in the respective bands, the NSE circular stated.
Price bands of 5% will be applicable on all close ended Mutual Funds, the statement read.
All futures contracts will have daily operating range of 5%.
The circular also noted that no flexing of securities or futures contracts will be applicable on that day.
What is flexing?
Typically, when the market price of, say, a stock nears the upper or lower limit, the exchange may decide to relax the limit and let trading continue. The process is called ‘flexing’ and it won’t be available on May 18.
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