Clearing and settlement timings for the special live trading session on 18-May-2024

Clearing and settlement timings for the special live trading session on 18-May-2024

This is to inform you that the Exchanges will hold a special live trading session with a switch-over from the Primary Site (PR) to the Disaster Recovery Site (DR) on Saturday 18-May-2024 following a SEBI Circular published in 2019. 

You are requested to note that the Exchanges shall shift their operation from the Primary Site (PR) to the Disaster Recovery site (DR) on the timings given as per NSE and BSE in their circulars. This exercise is being conducted based on specific discussions with SEBI and their Technical Advisory Committee to assess the preparedness of Market Infrastructure Institutions (MIIs) to handle any unforeseen event impacting their operations and to restore operations from the DR Site. 

The market timings in the Equity & F&O segmentswith an intra-day switchover from the Primary site to the Disaster Recovery site are as follows:

Trading Sessions (May 18, 2024)

Start Time

End Time

Live trading session-1

9:15 AM

10 AM

Live trading session-2

11:30 AM

12:30 PM

Please note: 

The trading will be closed from 10 AM to 11:15 AM

Pre-Open for the first session is from 9:00 AM to 9:08 AM

Pre-Open for the second session is from 11:15 AM to 11:23 AM and the closing session will be from 12:40 PM to 12:50 PM

Please note the following:

For Trading, please note

All AMO orders on Friday will be processed on Saturday's first hour, instead of Tuesday May 21,2024 considering Monday May 20, 2025 being a trading holiday on account of General Election 2024.

Currency and Commodity (MCX) markets will stay closed.

From 9:00 AM to 10:00 AM, there will be normal trading. There will be no activity between 10 AM and 11:15 AM

Users will be unable to place any orders during this time. Any orders placed in session-1 will be responded to with an error message.

Any open orders from session-1 will be canceled before session-2.

During the transition process of moving from the primary to the DR site, there is a chance that executed trades will be canceled. If this occurs, the positions you closed in the first session will reopen, and you will have to close the position once more in the second session. (Refer: NSE Circular)

11:15 AM to 12:30 PM trading will resume as per normal markets again (pre-market + market) but from the DR site. 

Intraday orders will not be allowed for the day.

BTST will not be allowed, which means stock purchases on Friday, May 17, 2024 will not be allowed to be sold on the special trading session on Saturday, May 18, 2024.

GTT orders will not be triggered.

Orders of Stock SIP will not be executed.

For Payouts & Settlements, please note 

All orders placed on Friday, 17th May 2024 in the Equity and Derivative segment will be settled on Tuesday, 21st May 2024.

The funds from shares sold on Friday, 17th May 2024 will be available for withdrawal on Tuesday, 21st May 2024. 

F & O credits and intra-day profit from the equity segment from 17th May 2024 will not be included in the available margin on 18th May 2024.

No Fund payout will be processed on 18th, 19th and 20th of May 2024.

All Funds withdrawal requests placed from Friday, 17th May 2024 the evening till Tuesday, 21st May 2024 by 7 AM will be processed and credited on Tuesday, 21st May 2024 by 11 AM.

MTF settlement will be accepted till 8 PM.

For Risk related information, please note 

Margin shortage square-off will be done as normal 80% MTM square off will be also as normal

There will be NO Projected risk, MTF shortage, Ageing, and CUSA square-off for 18th May 2024

Please note the order status might show the wrong status for exchange canceled trades.

The special live trading session with the intra-day switchover from the Primary site to the Disaster Recovery site protects the exchange's operations from unforeseen circumstances that might interfere with regular trading operations.