Bulletin

17 Jan 2024, 03:00 PM

Live trading session on Saturday, January 20, 2024

Update: This is no longer applicable. Read more

NSE & BSE are conducting a special session for live trading on Saturday, January 20, 2024, in the Equity & F&O segments with an intra-day switchover from the Primary site to the Disaster Recovery site. The market timings would be as mentioned below.

*Pre Open for the first session is from 9:00 AM to 9:08 AM

*Pre Open for the second session is from 11:15 AM to 11:23 AM and the closing session will be from 12:40 PM to 12:50 PM

*Random closure in the last one minute

Any F&O credits (i.e. premium from options sold, marked-to-market profit, intraday profits, etc.) and intraday equity profits from January 19th will not be included in the available funds during the special trading session due to the settlement holiday. Meanwhile, you will be able to check these credits in your Console ledger.

For more details check the circulars here (NSE, BSE).

Note:

1. Currency and Commodity (MCX) markets will stay closed.
2. MIS/CO (Intraday)** orders will be blocked for both sessions.
3. BTST (T1 sell) orders for T2T stocks will be blocked.
4. GTT orders will not be triggered.
5. AMO orders placed after markets on Friday, 19th January will be triggered on Saturday, 20th January 2024.
6. SIP orders on Kite will not be executed during the Special trading session. The scheduled SIP orders on 20th January will be placed on the next trading day.
7. Profits and credits received from equity trades or exiting positions in the derivatives segment (F&O and CDS) on 19th January 2024, will be available for withdrawal on 22nd January 2024 by EOD.
8. Withdrawal requests placed on 20th January 2024 will be processed on 22nd January 2024.
9. Our support lines will be operational from 9 AM to 2 PM.

This is the first time that the Stock exchanges are switching trading sites from their primary sites to the disaster recovery (DR) site during a live trading session. We have been informed by the Stock exchange through circular {point 6}, that there is a possibility of executed trades getting canceled, during the transition phase of switching from the primary to the DR site. Should such a situation occur, your closed positions during the first session will be reopened after which you will need to exit the position again in the second session.

**Intraday trading is restricted during the special Saturday trading session due to anticipated lower trading volumes. Since volumes would be less, the spreads could be wider leading to potential loss during auto square offs. Moreover, the exchanges have imposed a 5% lower price band for all stocks, including those that trade in the derivative segment. This increases the odds of stocks hitting upper/lower circuits potentially leading to open long or short positions at the end of the second trading session or square-offs happening which is not in the best interest of our clients.