Benchmark indices rebound after three days of decline
The BSE Sensex closed 218.14 points higher to 81,224.75 on October 18 while NSE Nifty rose 104.20 points to 24,854.05.
The National Stock Exchange will conduct a special live trading session on March 2 with intraday switch over to disaster recovery (DR) site.
The aim of the special session is to strengthen the exchanges in the event of any unforeseen incident, which may impact their operations.
‘’Members are requested to note that Exchange shall be conducting 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,” said NSE in its circular on Wednesday.
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According to the details shared by the NSE, the first trading session will be held from 9:15 am-10 am, while the second trading session from 11:30 am to 12:30 pm.
During March 2 session, all futures contracts can fluctuate within a 5% operating range during the special trading session. Securities in the Future and Options (F&O) segment will have upper and lower circuit limits of 5%, while those with a 2% limit will maintain their existing 2% circuit limit.
This measure prevents excessive volatility and maintains market stability during the drill.
Purchases made on March 1 in the equity market will be settled on Monday, March 4. Funds from F&O trades conducted on March 1 cannot be utilised during the special DR sessions to ensure that the testing does not impact the regular settlement cycle.
Notably, the special session was to be held on January 20 but due to Ram Temple consecration ceremony in Ayodhya, a full-fledged trading session was held on January 20 and January 22 was declared a holiday.
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