share market news
Stock Market Today: Generally the Indian stock market remains closed on Saturday and Sunday. There is no work here. But despite today being Saturday, the stock market will remain open for some time. National Stock Exchange i.e. NSE will organize a mock trading session at its disaster recovery site today on Saturday. NSE issued a circular saying that a mock trading session will run in the capital market segment on September 28. Besides, there will also be trading in Testing Futures and Options (F&O). During this time, switch-over will be done at the disaster recovery site. This is happening so that it can be ensured that even in case of any emergency, there is no impact on the service of the stock exchange and the functioning can run smoothly.
what time will the market open
The National Stock Exchange said in the circular that the mock trading session will be held on Saturday between 12 noon and 1 pm. Apart from this, there will also be a live trading session at the disaster recovery site from September 30 to October 3. Its purpose is to further assess the reactivity of the system during any adverse situation. This is the third special live trading session organized by NSE this year. Earlier, special live trading sessions were held on March 2 and May 18. Disaster recovery site is considered very important for any critical institution.
T+0 settlement cycle
The National Stock Exchange has banned the T+0 settlement system for now. This system was to be implemented from September 30. NSE said in a notification that this settlement system is being stopped at present. Let us tell you that till the year 2002, there was T+5 settlement system. After this, T+3 settlement was implemented in the year 2002. Then in the year 2003, T+2 settlement system came. After this, T+1 settlement system came in January last year.
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