stock market special live trading session: Special Trading Day i.e. Saturday (May 18) started with a rise in the stock market. On this occasion, Sensex once again climbed by more than 150 points and crossed 74000 points. Talking about Nifty, it reached 22,500 points with an increase of 100 points. Trading was seen across Rs. Let us tell you that Saturday is a weekly holiday but this time trading is taking place in the stock market for a few hours.
Why is special trading happening?
Let us tell you that this trading session is being organized to test the preparedness to face any emergency situation in the stock market. In this special trading session, the primary is shifted to the disaster recovery (DR) site.
2 stage trading
There are 2 phases to this trading session. The first will be from PR site from 9:15 am to 10 am, and the second from DR site from 11:30 am to 12:30 pm. During this session, the maximum price range for all securities on which futures and options products are available will be 5 percent. Securities already in the price band of two per cent or less will remain available in their respective bands.
Earlier, NSE and BSE had held similar trading sessions on March 2. These trading sessions are being conducted based on discussions with market regulator SEBI and their Technical Advisory Committee. The objective of this initiative is to assess their preparedness to handle any unexpected incident.
Market condition on Friday
Earlier on Friday also the stock market was buzzing. At the end of trading, Sensex closed at 73,917.03, up 253 points or 0.34 percent. National Stock Exchange (NSE) index Nifty also increased by 62 points or 0.28 percent to reach 22,466 points.
