Stock market today: The election fever continues to keep investors and traders on their toes, with exchanges holding a special trading session today, despite it being a weekend.
The equity cash and derivative markets will operate in two sessions. This marks the third time this year that the market has remained open on a weekend, which is typically a holiday.Similar special trading sessions were held on Saturdays in January and March. In previous years, trading was also conducted from the disaster recovery site in 2016 and 2017.
The special live trading session is being conducted in accordance with Sebi guidelines, which require testing the preparedness for handling unexpected disasters from the main trading centre in Mumbai, says an ET report. The session will be split into two segments: the first part will run from 9:15 am to 10 am for normal trading, while the second session will be conducted from the disaster recovery site from 11:30 am to 12:30 pm.
All securities, including those with derivative products, will have a maximum price band of 5%. Securities already in the 2% or lower price band will remain in their respective bands.
Despite the absence of clear momentum, positive global cues and rotational participation from index heavyweights have helped the markets climb higher on Friday. Analysts suggest maintaining a “buy on dips” strategy and focusing on stock selection. However, given the shortened trading hours, trading volumes are expected to be low.
The equity cash and derivative markets will operate in two sessions. This marks the third time this year that the market has remained open on a weekend, which is typically a holiday.Similar special trading sessions were held on Saturdays in January and March. In previous years, trading was also conducted from the disaster recovery site in 2016 and 2017.
The special live trading session is being conducted in accordance with Sebi guidelines, which require testing the preparedness for handling unexpected disasters from the main trading centre in Mumbai, says an ET report. The session will be split into two segments: the first part will run from 9:15 am to 10 am for normal trading, while the second session will be conducted from the disaster recovery site from 11:30 am to 12:30 pm.
All securities, including those with derivative products, will have a maximum price band of 5%. Securities already in the 2% or lower price band will remain in their respective bands.
Despite the absence of clear momentum, positive global cues and rotational participation from index heavyweights have helped the markets climb higher on Friday. Analysts suggest maintaining a “buy on dips” strategy and focusing on stock selection. However, given the shortened trading hours, trading volumes are expected to be low.
