The National Stock Exchange (NSE) will be holding a unique live trading session on March 2, a Saturday.
This session is being carried out to assess how well-prepared the NSE is for unexpected disasters. It is part of the Business Continuity Plan (BCP) and Disaster Recovery Site (DRS) framework for stock exchanges and depositories.
This means that March 2 will not be a holiday for the stock market. The session will involve switching from the primary site to the disaster recovery site, and it will be divided into two parts.
The first part will take place from 9:15 am to 10 am on the primary NSE website, while the second part will occur from 11:30 am on the disaster recovery site.
Future contracts will have a 5% operating range, and securities in the Future and Options (F&O) segment will have a price band of 5% for both upper and lower limits.
The special session is in line with SEBI guidelines, which require testing disaster services preparedness. The last special session took place on January 20 due to the Ayodhya Ram Mandir ceremony.
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