The National Stock Exchange (NSE) has announced a special live trading session slated for Saturday, 2nd March 2024, to bolster its operational resilience. During this session, the exchange will seamlessly switch to its disaster recovery (DR) site, ensuring uninterrupted market operations in the face of unforeseen incidents.
The decision to hold this special session aligns with the Securities and Exchange Board of India (SEBI), which mandates market infrastructure intermediaries (MIIs) to incorporate business continuity plans, including activating DR sites.
As outlined in the circular released by the NSE on February 14, the special session will unfold in two phases. The initial phase, spanning 45 minutes and commencing at 9:15 am, will be dedicated to the seamless switch to the disaster recovery site. Following this, the second phase, scheduled from 11:30 am to 12:30 pm, will involve live trading with the implementation of specific measures to regulate market dynamics and ensure stability.
Specific measures will be implemented during the 2nd March session to regulate market dynamics and ensure stability. Notably, all futures contracts will operate within a five per cent fluctuation range, with securities in the Future and Options (F&O) segment subject to upper and lower circuit limits of five per cent. Additionally, securities with a two per cent limit will maintain their existing circuit parameters.
The special session was initially slated for January 20 but was rescheduled to accommodate the Ram Temple consecration ceremony in Ayodhya, a significant cultural event in India. Demonstrating its adaptability, the NSE conducted a full-fledged trading session on January 20, while January 22 was observed as a holiday for stock markets. This change in schedule underscores the NSE’s commitment to ensuring uninterrupted market operations while respecting critical cultural events.
As the NSE prepares for the special live trading session, market participants are poised to observe how these proactive measures contribute to fortifying the resilience of India’s financial ecosystem in the face of potential disruptions.
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