What is a pre-open stock market trading session?

economictimes.indiatimes.com:

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1. The pre-open market is a trading session that occurs before the regular market session opens.

2. The pre-open market session helps stabilise prices and reduce volatility by determining the equilibrium price based on the orders collected.

3. In India, the pre-open market session is a 15-minute window, from 9 a.m. to 9:15 a.m.

4. The first eight minutes are to place, cancel or modify orders; the next four minutes are for order matching and calculating opening prices based on demand and supply; and the last three minutes are to transition from pre-open to regular market session.

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