Important Notice: Special Live Trading Session on March 2, 2024 – NSE & BSE Transition to DR Site, Withdrawal Details, and Intraday Trading Restrictions

On Saturday, March 2, 2024, NSE & BSE will host a special live trading session in Equity & F&O segments, transitioning from the Primary site to the Disaster Recovery site.

Market Timings:

First Session (Primary Site) 9:15 AM – 10 AM, with Pre Open from 9:00 AM to 9:08 AM.

Second Session (DR Site): 11:30 AM – 12:30 PM, including Pre Open from 11:15 AM to 11:23 AM and closing session from 12:40 PM to 12:50 PM.

Note: F&O credits, including premiums from options sold, marked-to-market profits, intraday equity profits from March 1st, will not contribute to available funds during the special trading session due to the settlement holiday.

Special Instructions:

• Currency and MCX markets will remain closed during this period.

• MIS/CO (Intraday) orders are restricted for both sessions.

• BTST (T1 sell) orders for T2T stocks are not permitted.

• GTT orders will not activate.

• AMO orders submitted after market hours on Friday, March 1, 2024, will be processed on Saturday, March 2, 2024.

• SIP orders won’t be executed in the special trading session, and those scheduled for March 2nd will be processed on the subsequent trading day.

• Profits and credits from equity trades or exiting positions in the derivatives segment (F&O and CDS) on March 1, 2024, can be withdrawn by the end of the day on March 4, 2024.

Withdrawal Information:

Profits and credits from trades on March 1st available for withdrawal on March 4th, 2024, by EOD.

Transition Phase Caution:

This marks the first occurrence of stock exchanges shifting trading operations from primary sites to disaster recovery (DR) sites in the midst of a live trading session. The exchange has cautioned about the potential cancellation of executed trades during this transition phase. In the event of such a situation, closed positions from the first session will be reinstated, requiring subsequent exit in the second session.

Intraday Trading Restrictions:

• Intraday trading is restricted in the special Saturday session due to expected lower trading volumes.

• With reduced volumes, wider spreads may occur, posing a risk of potential losses during auto square-offs.

• Exchanges have enforced a 5% lower price band for all stocks, including those in the derivative segment.

• This raises the likelihood of stocks hitting upper/lower circuits, creating the potential for open long or short positions by the end of the second trading session.

• Such scenarios, including square-offs, are not in the best interest of investors. Stay informed and exercise caution during this special trading session.