The 2024 special trading session hosted by NSE and BSE is integral to their Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) framework. This initiative underscores the exchanges’ commitment to ensuring seamless operations during emergencies.
The special trading session scheduled by NSE and BSE for 2024 plays a pivotal role in their Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) strategy. This proactive approach highlights the exchanges’ dedication to maintaining operational resilience in adverse circumstances.
Will the stock market be operational on March 2, 2024?
Both the NSE and BSE have confirmed that they will conduct a special trading session on Saturday, ensuring continuity and accessibility for investors.
Why is the stock market operational on Saturday?
The special trading session is being held to assess the readiness of the exchanges in the event of an unforeseen disaster in the system. This initiative is in line with the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) framework implemented by stock exchanges and depositories. As a result, the first Saturday of March is not observed as a stock market holiday, as confirmed by the exchange.
Special Live Trading Session Scheduled for March 2, 2024, by NSE: Intraday Switch to Disaster Recovery Site Planned.
According to an NSE circular dated February 14, the Exchange is set to conduct a special live trading session with an intraday switch from the Primary site to the Disaster Recovery site on Saturday, March 02, 2024, specifically in the Equity and Equity Derivatives segments. This session will involve a seamless transition to the disaster recovery site from the primary official website, as confirmed by NSE.
Why is the session being conducted on Saturday, March 2?
The special trading session is being organized following discussions with market regulator SEBI and its technical advisory committee to assess the preparedness of market infrastructure institutions (MIIs) to handle any unforeseen event impacting their operations and restore operations from the DR site within the stipulated recovery time objective in such an event.
BSE and NSE Announce Special Trading Session Timings for March 2, 2024
The stock market will conduct two special live trading sessions with the following timings: 9:15 am to 10 am and 11:30 am to 12:30 pm. According to an official circular from NSE, the first session will include an intraday switch from the Primary site to the Disaster Recovery site in the Equity and Equity Derivatives segments.
The first part of the session will begin at 9:15 am after a 15-minute pre-open session and will run until 10 am through the primary NSE website. The second session will commence at 11:30 am following another 15-minute pre-open session and will continue for one hour from the disaster recovery site.