“National Stock Exchange Conducts Special Live Trading Session for Disaster Recovery”
The National Stock Exchange (NSE) is taking proactive measures to strengthen its operations in the event of any unforeseen incidents by conducting a special live trading session on Saturday, March 2, 2024. This session includes an intraday switchover to a disaster recovery (DR) site, ensuring the continuity of trading activities in the Indian stock market.
During this special trading session, trading activity is limited to the equity market, with the commodity market remaining suspended as usual on weekends. Sugandha Sachdeva, Founder of WealthWave Insights, highlighted that trading in the equity and F&O segment is open, emphasizing the technical importance of the session for market stability.
Avinash Gorakshkar, Head of Research at Profitmart Securities, shared insights on the expected market behavior during the session, noting that market volume may be low as the focus is on strengthening the exchanges. The NSE circular released on February 14, 2024, announced the special live trading session, emphasizing the importance of business continuity planning for market infrastructure intermediaries.
The special trading session is divided into two phases, with the first phase already underway at 9:15 AM and the second phase scheduled from 11:30 AM to 12:30 PM. During the session, futures contracts are subject to a five percent operating range to prevent excessive volatility and maintain market stability.
It is important to note that the special session was initially planned for January 20 but was rescheduled due to the Ram Temple consecration ceremony in Ayodhya. Investors are advised to consult certified experts before making any investment decisions.
In conclusion, the NSE’s initiative to conduct a special live trading session for disaster recovery showcases its commitment to ensuring the resilience of the Indian stock market in the face of potential challenges.
