15-Feb-2024
2 mins read
The National Stock Exchange (NSE) has scheduled a special live trading session for Saturday, March 2, 2024. This unique session includes an intraday switch to its disaster recovery (DR) site, reinforcing the exchange’s resilience against unforeseen operational disruptions.
Strengthening Market Infrastructure
The NSE’s decision for a live session with a DR site switch is a proactive measure to ensure market stability and continuity. This initiative is in line with the Securities and Exchange Board of India (SEBI)’s mandate for market infrastructure intermediaries (MIIs) to periodically test their business continuity plans.
Session Details and Schedule
The special trading session will be divided into two phases, allowing participants to trade in equity and equity derivatives segments. Below is the detailed schedule for the day:
Special Live Trading Session Schedule
| Segment | Activity | Session 1 Time (Primary Site) | Session 2 Time (DR Site) |
| Equity & Equity Derivatives | Morning Block Deal Window | 08:45 – 09:00 | – |
| Pre-Open | 09:00 – 09:08* | 11:15 – 11:23* | |
| Normal Market | 09:15 – 10:00 | 11:30 – 12:30 | |
| Call Auction Illiquid Session | 09:30 – 09:45 | 11:45 – 12:00 | |
| Closing Session | – | 12:40 – 12:50 | |
| Trade Modification End Time | – | 13:00 |
*Note: Random closure in the last one minute of the Pre-Open session.
F&O Segment: Live Trading from Primary Site
| Activity | Time |
| Normal Market Open Time | 09:15 hrs |
| Normal Market Close Time | 10:00 hrs |
F&O Segment: Live Trading from DR Site
| Activity | Time |
| Normal Market Open Time | 11:30 hrs |
| Normal Market Close Time | 12:30 hrs |
| Trade Modification End Time | 12:40 hrs |
Trading Parameters for the Special Session
During this special session, all futures contracts will have a 5% operating range. The F&O segment will observe circuit limits of 5%, with securities currently at a 2% limit maintaining their status.
Background and Market Impact
Originally planned for January 20, the session was rescheduled to March 2, 2024, due to significant events. The announcement comes at a time when equity benchmarks Sensex and Nifty 50 show positive momentum, with notable gains led by industry heavyweights.
The NSE’s special live trading session with an intraday DR site switch is a crucial step towards enhancing the robustness of India’s financial market infrastructure. Participants are encouraged to note the schedules and operational details to ensure seamless trading activity on this significant day.