Why is the stock market open this Saturday? Timings, what to expect and key things to know
Investors and traders are finding no respite from the election heat, with exchanges even holding a special trading session on Saturday.
Both the equity cash and derivative markets will function in two sessions on Saturday.
This is the third instance this year, where the market remained open on a weekend, despite it being a usual holiday. Earlier, a similar special trading session was held on a Saturday in January and then again in March.
There have been few other instances in previous years where trading was conducted from the disaster recovery site in 2016 and 2017.
All you need to know about the special trading session:
Why is the special session being held
Apart from the calendar holidays, exchanges are usually closed on weekends. However, they have the discretion to conduct special trading sessions on rare occasions.
The current special live trading session is being done according to Sebi guidelines, which mandate testing of preparedness for handling unexpected disasters from the main trading centre in Mumbai.
Also Read: Weekend trouble! Third working Saturday for stock market traders in 2024 this week
Timings
The special session shall be divided into two segments. In the first part, the market will open for normal trading at 9:15 am and end at 10 am.
The second session, which will be conducted from the disaster recovery site, will begin from 11:45 am and end at 12:40 pm.
Price Band
All securities, including those on which derivative products are available, will have a maximum price band of 5%.
