Is stock market open tomorrow? BSE, NSE to conduct special live trading session on Jan 20
Stock market update: The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) are going to conduct the special live trading session in the equity F&O segment on 20th January 2024 i.e. on Saturday next week. The BSE and NSE aim to switch to the DR site through this special live session.
Both BSE and NSE will conduct two special live trading sessions on January 20, 2024. As per the SEBI mandate, Market Infrastructure Intermediaries (MIIs) are required to perform a switchover to their Disaster Recovery site as part of the business continuity plan. Speaking on what this special live trading session means, Anand James, Chief Market Strategist, at Geojit Financial Services said, "Investors do well to note that Saturday’s trading dynamics will be different for a variety of reasons.
For one, a shorter time frame as well as the truncated nature of the session would mean that traders would not have enough time to get their eyes in. Volatility may be limited, as the daily operating range would be restricted to 5% for all stocks and derivatives for the day while those already in the 2% band will continue to remain so. Also important to note that pending orders from the first session would be flushed out before the start of the second session." Also Read: IRFC stock surges nearly 500% in 10 months, market cap reaches ₹2 lakh crore Shiju Koothupalakkal, Technical Analyst at Prabhudas Lilladher said, "In this special live trading session, investors will be able to place their buy or sell order in cash and F&O segment.
But, the session will be small due to which an investor will have to place one's orders at a faster rate. Apart from this, one won't have much time to see the trends as they do in a normal trading session. Also
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