Announcements

On Saturday, 2 March 2024, NSE & BSE will host a special LIVE trading session in the Equity and Derivative (F&O) segments.

Why is this session happening?

This session is happening because SEBI wants to ensure that market intermediaries such as Exchanges, Clearing Houses, and Depository Organizations can smoothly switch to a backup plan - the Disaster Recovery (DR) site in case of an unexpected disaster.  It aims to ensure that trading activities continue without interruptions and that all data remains secure.

What are the timings of this LIVE session ?

The day will be divided into two trading sessions:

Live Trading from the Primary Site (Trading Session 1):

Live Trading from the DR Site (Trading Session 2):

What to keep in mind on this day?

• 🔸 Any open orders not executed by the end of the first session will be cancelled and won’t be carried forward to the next session
• 🔸 Securities (including stocks having F&O Contracts) will have upper and lower circuit limits set at 5%
• 🔸 Stocks with existing 2% limits will maintain that limit
• 🔸 All futures contracts will operate within a 5% range
• 🔸 Typically, stocks in the F&O segment and futures contracts enjoy flexible price bands in a regular trading session. This means that if the circuit limit is reached, it is usually relaxed to facilitate continuous trading. However, this standard practice won't apply during this special session.
• 🔸 Only delivery trades would be allowed (No Intraday).
• 🔸 No fresh position would be permitted under MTF, only square off trades would be permitted.
• 🔸 Considering 2 March is a settlement holiday, any credits from the F&O segment and intraday profits from 1 March won't be available for trading during this session
• 🔸 Sale proceeds from BTST sell transactions on 2 March will be settled on Monday, 4 March. Credits will be available for trading on Tuesday, 5 March
• 🔸 SIP orders on Upstox won't be executed during the Special Trading Session. Scheduled SIP orders on 2 March will be processed on the next trading day i.e. 4 March
• 🔸 Brokerage charges will be applicable as usual
• 🔸 Fund withdrawals will not be processed on this day  

For more information, check out the circulars here (NSE, BSE)

This is the first time that the Exchanges are switching trading from their primary site to the disaster recovery (DR) site during a LIVE trading session. As per a notification from the Exchange (Refer to point 6), during this switch, there could be a possibility of executed trades getting cancelled by the Exchange. Details of such cancelled trades will be notified to you by EOD.