ब्रेकिंग न्यूज़

Why Is the Stock Market Open Today on Saturday? Check the Trading Timings

the Indian stock market is open for trading due to a special live trading session organized by the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). This unusual occurrence is part of a preparedness initiative by the Securities and Exchange Board of India (SEBI) to ensure that market infrastructure institutions are ready for any potential disruptions.

Understanding the Special Trading Session

Typically, both NSE and BSE are closed on Saturdays and Sundays. However, on this particular day, they are conducting a mock trading session. The purpose of this session is to test their Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) framework. This framework was established by SEBI in 2019 to safeguard data integrity and ensure that trading can continue seamlessly in case of significant disruptions.

What Is a Business Continuity Plan?

A Business Continuity Plan is a strategy that organizations implement to prepare for potential emergencies or disasters. In the context of stock exchanges, it involves maintaining operations during unforeseen events. The DRS serves as a backup location where trading can continue if the primary site experiences issues.

Trading Timings for September 28, 2024

For this special session, the trading hours are divided into two segments:

  • Primary Site Trading:
    • Pre-open session: 9:00 AM to 9:08 AM
    • Regular trading: 9:15 AM to 10:00 AM
  • Disaster Recovery Site Trading:
    • Pre-open session: 11:15 AM to 11:23 AM
    • Regular trading: 11:30 AM to 12:30 PM

These timings allow traders to engage in buying and selling activities while assessing the operational readiness of both sites.

Price Bands During Special Sessions

During these special trading sessions, all securities are subject to a maximum price band of 5%. This means that prices cannot fluctuate beyond this limit during the trading hours. This measure is in place to maintain market stability and protect investors.

Why Are Special Trading Sessions Important?

Special trading sessions like the one on September 28 are crucial for several reasons:

  1. Preparedness Assessment: They allow exchanges to evaluate their readiness for handling significant disruptions.
  2. Operational Integrity: They ensure that systems can handle real-time trades without compromising data integrity.
  3. Investor Confidence: Conducting these sessions boosts investor confidence by demonstrating that exchanges are well-prepared for emergencies.

Regular Trading Schedule

Under normal circumstances, both NSE and BSE operate from Monday to Friday, with regular trading hours from 9:15 AM to 3:30 PM. They remain closed on weekends and specific public holidays. The decision to hold special sessions is rare but essential for maintaining robust market operations.

Upcoming Holidays

Looking ahead, traders should be aware of upcoming holidays when markets will be closed. The NSE and BSE observe several national holidays throughout the year, including:

  • Republic Day (January 26)
  • Mahashivratri (March 8)
  • Holi (March 25)
  • Good Friday (March 29)

These holidays impact trading schedules and should be noted by investors planning their trades.

Jiya

Jiya Singh is an experienced Hindi and English news writer with nearly 5 years of experience in the media industry. She started her career with an online news website Newz Fast, where she worked in many sections including Hindi news and business. She loves writing and reading news related to technology, automobile and business. She has covered all these sections extensively and presented excellent reports for the readers. Jiya Singh has been trying to provide correct and accurate information to the readers on Local Haryana for the last 1 year.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button