BSE, NSE Schedule For The Special Trading Session Date And Time!
On Saturday, May 18, 2024, the Indian stock markets, including the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE), will conduct a special trading session. This session aims to evaluate the disaster preparedness of both exchanges in the event of major disruptions. Specifically, the exchanges will switch intraday from their primary site to a disaster recovery (DR) site to ensure their ability to maintain operations during unforeseen events.
What is the Schedule for the Special Trading Session?
The special trading session will be divided into two segments.
Primary Session:
- Morning Block Deal Window: 8:45 AM – 9:00 AM
- Pre-Open Session: 9:00 AM – 9:08 AM
- Trading Session (Primary Site): 9:15 AM – 10:00 AM
Break: 10:00 AM – 11:15 AM
Disaster Recovery Session:
- Pre-Open Session: 11:15 AM – 11:23 AM
- Normal Trading (Disaster Recovery Site): 11:30 AM – 12:30 PM
- Post-Close Order Modifications: Till 1:00 PM
How Will the F&O Segment be Affected?
For the Futures and Options (F&O) segment, the schedule is slightly different:
Primary Session (Primary Site):
- Trading: 9:15 AM – 10:00 AM
Break: 10:00 AM – 11:45 AM
Disaster Recovery Session:
- Trading (Disaster Recovery Site): 11:45 AM – 12:40 PM
Why is this Special Trading Session Important?
The special trading session is crucial for testing the resilience and preparedness of the NSE and BSE. This initiative is part of ongoing efforts to ensure that market infrastructure establishments can swiftly and effectively transition to a disaster recovery site if required. The ability to restore operations quickly from the DR site is vital to maintaining market stability and investor confidence during significant disruptions.
What Happened in the Previous Special Trading Session?
A similar special trading session was conducted on March 2, 2024. During this session, both exchanges tested their systems as part of discussions with the Securities and Exchange Board of India (SEBI) and their technical advisory committee. These sessions are essential for assessing the readiness of the market infrastructure to handle unforeseen events and ensure seamless continuity of operations.
What are the Price Bands for the Special Trading Session?
During the May 18 trading session, all securities, including those with derivative products, will have a maximum price band of 5%. Securities that are already in the 2% or lower price band will retain their respective bands. Additionally, the 5% price band will apply to all close-ended Mutual Funds (MFs).
Will There Be Any Changes to the Market During the Special Session?
The primary focus of the special session is on testing the operational readiness of the exchanges. Hence, the trading hours and mechanisms have been adjusted to facilitate this objective. Investors and traders must note the specific timings and adhere to the modified schedule for seamless participation in the session.
What Should Market Participants Expect?
Market participants should be prepared for the intraday switch from the primary site to the disaster recovery site. This switch is a critical component of the test and may lead to temporary interruptions. However, these interruptions are necessary to ensure the exchanges’ readiness for actual disaster scenarios. Participants should follow the updated session timings and be aware of the temporary changes to the trading schedule.
How Does This Session Enhance Market Resilience?
Conducting such special trading sessions enhances the overall resilience of the Indian stock markets. By rigorously testing the disaster recovery processes, the NSE and BSE aim to minimize potential disruptions during real events. This proactive approach ensures that the exchanges can continue to operate efficiently, safeguarding investor interests and maintaining market integrity.
Conclusion
The special trading session on May 18, 2024, is a strategic initiative by the NSE and BSE to test their disaster preparedness. With a detailed schedule and specific focus on switching to the disaster recovery site, this session aims to enhance the resilience and operational continuity of the Indian stock markets. Market participants should stay informed about the session timings and price bands to navigate the special session effectively.