January 18, 2024
We would like to inform that the Indian stock markets will open for a few hours on Saturday, January 20, 2024, and, as a result, all Sharekhan establishments will remain open on that day. What that means is this Saturday is a working day for all Sherus involved in equity market related activities. The Department Heads, Zonal Heads, Group Heads and Branch Managers have the discretion in deciding which staff need to work on that day to ensure all market related activities are performed as usual.
The National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) will conduct two special live trading sessions in the equity and equity futures and options (F&O) segments on Saturday to test their preparedness to shift their trading systems from their primary site to their disaster recovery (DR) site on an intra-day basis, in keeping with SEBI regulations. The exchanges will conduct trading in two sessions, the first session will be from their primary site and the second from their DR site.
Market timings, settlement dates and other details
Live trading from the primary site (trading session 1)
| Market Schedule | Start Time | End Time |
| Equity | ||
| Pre Open* | 9:00am | 9:08am |
| Normal Market | 9:15am | 10:00am |
| Derivatives | ||
| Equity F&O | 9:15am | 10:00am |
Live trading from the DR site (trading session 2)
| Market Schedule | Start Time | End Time |
| Equity | ||
| Pre Open* | 11:15am | 11:23am |
| Normal Market | 11:30am | 12:30pm |
| Closing Session | 12:40pm | 12:50pm |
| Derivatives | ||
| Equity F&O | 11:30am | 12:30pm |
Important info on creation of settlement numbers for this purpose
| Settlement Number | Trade Date | Custodial Confirmation Date | Settlement Date |
| M 2024015 | January 19, 2024 | January 22, 2024 | January 22, 2024 |
| M 2024300 | January 20, 2024 | January 22, 2024 | |
| M 2024016 | January 22, 2024 | January 23, 2024 | January 23, 2024 |
NOTE: As a result of the above, shares purchased on Friday, January 19, 2024, will not be allowed to be sold on Saturday, January 20, 2024, as both settlement pay-ins and settlement pay-outs are on the same day, ie Monday, January 22, 2024.
Good to know
- On January 20, 2024, the closing price will be computed after the end of DR trading session.
- On January 20, 2024, all the outstanding orders shall be purged before the start of trading from the DR site. This means that all pending orders will be cancelled at the end of the first session (10am). Therefore, pending orders will have to be placed once again, if you want to, at the start of the second session (11.15am).
- Shares Deliveries bought on January 19, 2024 will not be available for selling on the following trading day, ie January 20, as the pay-in for both settlements are on January 22, 2024. We urge you not to sell on January 20, 2024. If you proceed to sell, it would be at your own risk as it may lead to an auction.
- After-hour orders will be pushed to the exchange.
- The BigTrade and BigTrade+ facilities for all segments will not be available on January 20, 2024.
- MTF product will be available on January 20, 2024.
- Mark-to-Market and premium debits/credits received on January 19, 2024 will not be adjusted against the margin/premium for any fresh position(s) taken on January 20, 2024. Customers will need to maintain sufficient margins in order to avoid violation.
- Five-day and Risk square-off orders will be processed as per the daily process.
| Published by Team Internal Communications |  |
| This newsletter is for internal circulation only. It may not be published, reproduced or quoted in part or in whole, nor may it be published on social media without prior consent. The content is strictly copyright and reproduction of the whole or part of it in any form is prohibited without written permission from the Internal Communications department of Sharekhan. | |
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