Both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will be conducting two special live sessions on March 2 (Saturday). This special sessions are being conducted to test the disaster preparedness of the stock market in case of an emergency.
The session will look at the preparedness of the stock exchanges to ensure a smooth transition to a business continuity plan in case of any emergency or disaster and make sure that trading continues without any interruptions during such emergency events.
"Members are requested to note that Exchange shall be conducting a 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's official circular.
This comes after Indian market regulator SEBI, wanted market intermediaries- exchanges, clearing houses, and depository participants to transition smoothly to a business continuity plan at disaster recovery sites in the event of unforeseen disasters. This initiative seeks to maintain uninterrupted trading activities while safeguarding all data.
On March 2, the first session will start at 9.15 am and will close at 10 am. Similarly, the second session will be conducted after a break from 11.30 am to 12.30 pm. The markets will close at 12.30.
Trading will take place in the cash market and F&O segment while the circuit filters of all stocks will be revised to 5% during the special session. Circuit filters are basically a range provided for each index meant to protect the interest of investors.
This trading session is divided into two as there will be an intra-day switch from the official NSE and BSE websites for the disaster recovery site of the stock market. A break is also scheduled to accommodate the switch.
Share Market is usually closed on Saturdays.