What BSE And NSE Said About Trading Plans For Saturday, January 20
Indian stock exchanges BSE and NSE will conduct trading on Saturday, January 20, to check the preparedness for handling unexpected disasters. This means the trading holiday for one of the weekend day has been cancelled this week. BSE and NSE have provided updates on live trading sessions and clarified their plans for the upcoming session on Saturday, January 20, 2024, in new updates.
Here are the details:
BSE (Bombay Stock Exchange):
In a modification to the earlier notice dated December 28, 2023, BSE has announced that it will not be shifting to its Disaster Recovery (DR) site on January 20, 2024. Instead, the exchange will conduct a regular trading session as per normal timings from its primary site (PR) in the Equity, SLB, and Equity Derivatives segments. There will be no intraday switchover from the primary site to the DR site. This decision aims to ensure the smooth functioning of the market on the specified date.
NSE (National Stock Exchange):
Contrary to the circulars issued on December 28, 2023, and January 18, 2024, NSE has withdrawn the plan to conduct a live trading session on its primary site on January 20, 2024. Members are informed that regular trading sessions will take place in the Equity and Equity Derivatives segments according to standard market timings. The price bands applicable for a normal trading day will remain in effect on January 20, 2024.
Furthermore, in the Equity Derivatives segment, the Maturity Date for the MIDCPNIFTY contract expiring on January 22, 2024, has been revised. The new Maturity Date for this contract is now January 20, 2024. NSE emphasizes that the settlement schedule for this change will be communicated separately by the respective clearing corporations.
Investors and market participants are advised to take note of these updates and plan their trading activities accordingly on the specified date. The decisions made by both BSE and NSE aim to ensure the stability and reliability of the stock market during the upcoming live trading session.
