New Delhi: The National Stock Exchange (NSE) has introduced that it’ll maintain a particular reside buying and selling session on Saturday, March 2, 2024. This session will contain switching over to the catastrophe restoration (DR) web site throughout intraday buying and selling. The objective of this particular session is to bolster the resilience of the trade within the face of unexpected incidents that would disrupt its operations.
In a round issued on February 14, the NSE knowledgeable its members concerning the particular session scheduled for March 2. (Also Read: Indian Websites, Applications Saw Over 5.14 Billion Cyberattacks In 2023: Report)
This initiative aligns with the mandate set by the Securities and Exchange Board of India (SEBI), requiring market infrastructure intermediaries (MIIs) to execute a change to their DR web site as a part of their business continuity plan. (Also Read: From Investment To Income: A Rs 5-7 Lakh Investment In This Business Idea Could Yield Rs 1.5 Lakh Monthly Returns)
Session Details
The particular reside buying and selling session will unfold in two phases. The first part will kick off with a 45-minute session beginning at 9:15 am. Following this, the second session will begin at 11:30 am and conclude at 12:30 pm.
Market Regulations
During the March 2 session, futures contracts might be topic to a 5 p.c working vary to handle volatility successfully. Additionally, securities within the Future and Options (F&O) section could have higher and decrease circuit limits of 5 p.c, whereas these with a two p.c restrict will preserve their present circuit restrict.
These measures are put in place to stop extreme market volatility and guarantee stability through the reside buying and selling session.
Previous Postponement
Originally scheduled for January 20, the particular session was postponed because of the Ram Temple consecration ceremony in Ayodhya. Consequently, a full-fledged buying and selling session passed off on January 20, and January 22 was declared a vacation for inventory markets.
Market Performance
Meanwhile, fairness benchmarks Sensex and Nifty 50 ended positively for the second consecutive session on Wednesday, February 14.
This uptrend was fueled by beneficial properties from choose heavyweights, together with SBI, Reliance Industries, and Axis Bank, amidst blended world cues. The Sensex closed 268 factors increased at 71,822.83, whereas the Nifty 50 settled at 21,840.05, up 97 factors.
Source: zeenews.india.com
