On Saturday, March 2, 2024, the National Stock Exchange (NSE) will hold a special live trading session and an intraday switchover to a disaster recovery (DR) site. The purpose of the special meeting is to improve communication in case of an unexpected event that could affect their business.
In a circular released on February 14, the NSE stated, "Members are requested to note that Exchange shall conduct 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."
Market infrastructure intermediaries (MIIs) are mandated by capital markets regulator Securities and Exchange Board of India (SEBI) to carry out a switchover to their disaster recovery site as part of the business continuity plan.
There will be two stages to the session. Beginning at 9:15 am, there will be a 45-minute session for the first part. Starting at 11:30 am, the second special live trading session will end at 12:30 pm.
All futures contracts can move during the special trading session on March 2 within a five percent operating range. According to NSE, securities in the Future and Options (F&O) segment will have five percent upper and lower circuit restrictions, while securities with a two percent circuit limit will continue to have their current two percent circuit limit. During the live trading session, the measure keeps the market stable and stops excessive volatility.
A complete trading session was held on January 20, and January 22 was designated a vacation for the stock markets due to the Ram Temple dedication ceremony in Ayodhya, which had been scheduled for January 20.
