Indian stock markets will be active on Saturday, May 18, 2024, as the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) orchestrate a distinctive trading session. This event, concentrating on the equity and equity derivatives domains, aims to scrutinize the exchanges’ resilience to significant disruptions.
During this unique session, both exchanges will perform an intraday transition from their primary site to the disaster recovery (DR) site. On May 7, the NSE communicated to its members regarding this live trading session and the midday transition.
Timings for the Special Session
The primary session for the cash market will begin with the morning block deal window from 8:45 AM to 9:00 AM, followed by the pre-open session from 9:00 AM to 9:08 AM. Regular trading will occur from 9:15 AM to 10:00 AM, succeeded by a recess until 11:15 AM.
For the subsequent session at the DR site, the pre-open session will be from 11:15 AM to 11:23 AM, with regular trading from 11:30 AM to 12:30 PM. Post-close order amendments will be permissible until 1:00 PM.
In the Futures and Options (F&O) segment, the initial session will run from 9:15 AM to 10:00 AM at the primary site. The second session at the DR site will span from 11:45 AM to 12:40 PM, facilitating ongoing trading operations.
Previous Special Session
This initiative follows a similar session on March 2, in coordination with the Securities and Exchange Board of India (SEBI) and its technical advisory committee. The objective is to evaluate the readiness of market infrastructure institutions for unanticipated events and their capability to resume operations from the DR site within the designated timeframe.
